The New Mexico Office of Superintendent of Insurance (OSI) published a final order that repeals, replaces, and amends several sections of the New Mexico Insurance Code. Sections 13.1.1 NMAC, Administrative Provisions, and 13.1.2 NMAC, Insurance Bulletins, have been repealed and replaced, and Sections 13.1.4.13 and 13.21.3.13 have been amended.

Statute 13.1.1 NMAC, Administrative Provisions, sets forth provisions that apply to all rules adopted by the superintendent of insurance. It includes the definitions of “Office”, “OSI”, and “Superintendent.” The statute clarifies that words used in the singular include the plural and words used in the plural include the singular. Words used in the neutral gender include the masculine and the feminine. The use of “may” is permissive, while “shall” and “must” are mandatory.

Lastly, the statute states that the office has prescribed forms to carry out certain requirements. Prescribed forms must be used when a form exists, unless a rule states otherwise or the superintendent waives the requirement.