NM | The New Mexico Office of Superintendent of Insurance today issued Bulletin 2021-001. It announces a change to the interest rate applicable to unpaid claims 45 days after required proof of loss has been furnished.
Effective February 1, 2021, the interest rate applicable to the referenced statute and rule is 4.875%. This rate shall remain in effect until superseded by a subsequent bulletin specifying a different rate.
Click here to read the bulletin for additional information.