NM | New Mexico’s Superintendent of Insurance Russell Toal issued a Notice and Order on April 21, 2020 ordering auto insurance carriers to adjust auto premiums determined to be excessive considering the COVID-19 related automobile usage reductions experienced in New Mexico. Pursuant to Paragraph F of the Notice and Order, “This Order will be automatically extended from April 30, 2020 through the extension date of any COVID-19 public health emergency proclamation by the Governor or the Department of Health. If this Order is so extended, insurers shall make additional premium adjustments through the extension date and submit the required filing in SERFF”.
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