The New Mexico Office of Superintendent of Insurance (OSI) published a bulletin announcing changes made to the Medical Malpractice Act and what that means for insurers writing medical professional liability policies in the state.
The Superintendent expects that the changes made to the Act should result in less costly premiums for medical professionals. The Act places new rules and caps on punitive damages, redefines the meaning of occurrence, and adds a definition for "value of accrued medical care and related benefits."
Insurers must formally file their new rates through SERFF, or if no premium decreases are expected, they must file a notice in Case No. 2026-0088. The amended Medical Malpractice Act is effective May 20, 2026.
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.