NM revamping insurance regulation

As New Mexico prepares to enroll tens of thousands of people into health plans, the state is revamping its regulator that oversees insurance prices and policies. 

Under a constitutional change approved by voters, insurance regulation will no longer be a responsibility of the five-member elected Public Regulation Commission. 

Instead, there will be an appointed regulator who runs the independent Office of the Superintendent of Insurance starting next July. 

It's the job of the Legislature next year to decide details of the new regulatory system. 

NM revamping insurance regulation