NM| New Mexico OSI Bulletin 2026-010 implements a one-time Medical Malpractice Premium Reduction (MMPR) funded by a $5 million legislative appropriation to subsidize 2025 private medical professional liability premiums for independent providers insured through specific qualifying carriers, providing a 17.3% refund of 2025 earned premium only to independent provider named insureds with separate limits, contingent on carrier execution of an MMPR Affidavit, timely disbursement of funds to eligible providers by September 1, 2026, and return or prorated reimbursement of any undistributed or improperly distributed amounts to OSI, with provider inquiries directed to a designated OSI email.
Key Points:
- By affidavit, carriers agree OSI may recover funds if they fail to disburse to eligible providers, must return funds if providers cannot be located.
- Eligibility is limited to independent providers and independent group practices with 2025 policies reported in OSI’s April 10, 2026 data call, written by one of 13 listed qualifying carriers; surplus/excess lines and RRG policies are excluded.
- Carriers must sign and submit the MMPR Affidavit by June 26, 2026 before receiving funds, then distribute MMPR amounts based on 2025 earned premium (17.3% for independent provider named insureds with separate limits; 0% for all others) by a deadline of September 1, 2026.