NM| The New Mexico OSI UPDATED Bulletin 2026-003 corrects a prior citation to clarify that notices about unfavorable Public Protection Classification (PPC) changes in the Ruidoso fire service protection areas are required under OSI Bulletin 2024-022, and it informs residential property/casualty insurers that ISO has downgraded the Ruidoso PPC from class 2 to class 3 effective July 1, 2026, triggering a duty for all affected insurers to send policyholders a written notice within ninety days explaining the PPC change, its potential impact on premiums and renewals, and encouraging policyholders and local officials to pursue community improvement plans that could influence future PPC scores.
Key Points:
- The bulletin emphasizes that PPC scores are set by rating/advisory organizations based on emergency communications, fire department, water supply, and community risk reduction, and advises policyholders to work with local officials on improvement plans that may allow ISO to postpone publication of a downgraded PPC score.
- Insurers covering residential risks in the Ruidoso FSPAs must, within ninety days of the bulletin date, provide a written notice using the prescribed language (or similar) explaining the PPC change from class 2 to class 3 and its possible effect on premiums and renewals.