NM | The State of New Mexico Office of Superintendent of Insurance has issued Bulletin 2021-019.
Pursuant to 13.18.2 NMAC, the Superintendent of the New Mexico Office of Superintendent of Insurance (“Superintendent” or “OSI”) is responsible for evaluating the Credit Life and Credit AH insurance experience and establishing presumptively acceptable rates on a biennial basis. The data reported in the NAIC statistical reports for these lines of business informs the OSI decision to adjust the prima facie rates. The Superintendent seeks additional data to supplement those reports.