New Mexico Register / Volume XXXV,
Issue 7 / April 9, 2024
NOTICE OF
PROPOSED RULEMAKING
NOTICE IS HEREBY GIVEN that the Office of Superintendent
of Insurance (OSI or Superintendent) will hold a public hearing in person, via
video conference and telephone conference regarding 13.8.7 NMAC,
Notification Requirement of Discontinuation of Insurance Product, to meet
the obligation of the State Rules Act, Subsection E of Section 14-4-5.6 NMSA to
finalize the emergency rule effective on February 1, 2024, within 180 days of
the effective date. This hearing will
commence on Tuesday, May 14, 2024, at 10:00 a.m.
PURPOSE OF THE PROPOSED
RULE: The purpose of the
proposed is to finalize 13.8.7 NMAC, Notification Requirement of
Discontinuation of Insurance Product. This
rulemaking will also amend the 13.8.7 NMAC to add a section for defined terms
and to add specific details regarding how property and casualty carriers shall
give notice, including details about the form of the notice, and information
that shall be provided in the notice.
STATUTORY
AUTHORITY: Sections 59A-2-8, 59A-2-9, and
59A-18-29 NMSA 1978.
TO ATTEND THE HEARING BY
ELECTRONIC VIDEO CONFERENCE VIA MS TEAMS MEETING:
Click here to join the meeting - Meeting ID: 281 100 825 367 Passcode: nYa6DV
TO ATTEND VIA TELEPHONE: +1 505-312-4308 Phone Conference ID: 327 290 392#
PUBLIC COMMENT: The Superintendent designates Richard L. Blumenfeld as the hearing officer for this rulemaking. Oral comments will be accepted at the public hearing from members of the public and other interested parties in-person or electronically. Copies of the Notice of Proposed Rulemaking and proposed rules are available by electronic download from the OSI eDocket or by requesting a copy by calling Melissa Robinson at: (505) 670-2704. Any copies of the Notice of Proposed Rulemaking, proposed rules, and any updates concerning the hearing date, time, or location will be available by visiting the OSI website at: https://www.osi.state.nm.us/pages/bureaus/legal/resources/laws-rules or on the Sunshine Portal at: https://statenm.my.salesforce-sites.com/public/SSP_RuleHearingSearchPublic (Select “Office of Superintendent of Insurance from the “Agency” drop down menu.)
Written comments will be
accepted through 4:00 p.m. on Tuesday, May 14, 2024. Responses to written
comments or oral comments will be accepted through 4:00 p.m. on Tuesday, May
21, 2024. All comments shall be filed electronically through the OSI eDocket or sent via U.
S. mail to:
OSI Records and Docketing
NM Office of
Superintendent of Insurance
P.O. Box 1689, Santa Fe, NM 87504-1689
Written comments must be
received by OSI and stamped as accepted between the hours of 8:00 a.m. and 4:00
p.m. Monday through Friday except on state holidays. The Superintendent will
consider all oral comments and will review and consider all timely submitted
written comments and written responses. For help submitting a filing, please
contact osi-docketfiling@state.nm.us. The below docket number and title must be indicated on
all written comments submitted to the OSI:
Docket No. 2024-0007
IN THE MATTER OF
13.8.7 NMAC, NOTIFICATION
REQUIREMENT OF DISCONTINUATION OF INSURANCE PRODUCT
SPECIAL NEEDS: Any person with a
disability requiring special assistance to participate in the hearing should
contact Andrea Padilla, at (505) 531-7171 no later than ten (10) business days
prior to the hearing.