The New Mexico Office of Superintendent of Insurance published a bulletin informing insurers of a revision to the Insurance Code’s Unfair Claims Practices law, effective June 20, 2025.
Property or homeowners' insurers and producers are prohibited from treating an applicant’s or insured’s inquiry about damage or loss as a claim when the policy does not cover the elements of the inquiry. Doing so can constitute an unfair claims practice.
The bulletin can be found here.
Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.