Sat Mar 8 4:37PM - 13 days, 18 hours left in session
| Sponsors | ||
|---|---|---|
| Sen. Gabriel Ramos | 28 | Grant, Hidalgo, Luna |
| Sen. Joshua A. Sanchez | 29 | Socorro & Valencia |
| Status | |||
|---|---|---|---|
| SHPAC | [Referred, not scheduled] | ||
| STBTC | |||
This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.
Actions: [8] SHPAC/STBTC-SHPAC
| Legis Day | Action | Details |
|---|---|---|
| 8 | referred | SHPAC/STBTC |
| 8 | sent | SHPAC |
This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.
| Feb 20 | filed: [Prefiled by Gabriel Ramos et al; not yet on nmlegis] |
| [new] | |
| sent to SHPAC | |
| title: '[prefiled by Gabriel Ramos Et Al; Not Yet on Nmlegis]' -> 'Fire Department Insurance Limits' | |
| actions: 'SPREF' -> '[8] SHPAC/STBTC-SHPAC' | |
| new sponsor: Gabriel Ramos | |
| new sponsor: Joshua A. Sanchez |
SENATE BILL 506
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Gabriel Ramos and Joshua A. Sanchez
AN ACT
RELATING TO INSURANCE; ENACTING A NEW SECTION OF THE FAIR PLAN ACT; PROVIDING A MAXIMUM INSURABLE VALUE FOR PROPERTIES INSURED UNDER THE FAIR PLAN.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of the FAIR Plan Act is enacted to read:
"[NEW MATERIAL] FIRE DEPARTMENT INSURANCE LIMITS.--
A. The maximum limit of liability for a property insured and subsequently damaged or destroyed by fire that is located in the service area of a fire department that may be insured under a FAIR plan shall be:
(1) six hundred thousand dollars ($600,000) for a property insured and subsequently damaged or destroyed by fire that is located in the service area of a fire department with a class rating of eight, nine or ten or a similar rating system as determined by a nationally recognized insurance service; and
(2) seven hundred fifty thousand dollars ($750,000) for a property insured and subsequently damaged or destroyed by fire that is located in the service area of a well-staffed and well-equipped fire department with a class rating of one through seven or a similar rating system as determined by a nationally recognized insurance service.
B. As used in this section, "nationally recognized insurance service" means an organization that collects statistical data, promulgates rating information, develops standard policy forms and files information with state regulators of insurance on behalf of insurance companies and rates fire departments based on the following factors:
(1) emergency communication systems, including 911 dispatch;
(2) fire department staffing, training and equipment;
(3) water supply availability and pressure; and
(4) community risk reduction programs and other factors."
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