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Insurance


Thank you for visiting the PRC Division of Insurance website!

 

The mission of the Division of Insurance is to provide convenient access to consumers to reliable insurance products which are underwritten by dependable and financially sound companies. We strive to ensure that these companies have a proven history of fair and reasonable rates and are represented by trustworthy and qualified agents.

 

We are committed to consumer protection and fraud prosecution and deterrence.


Regards,
John Franchini         
Superintendent of Insurance (biography)

The Insurance Nominating Committee’s website, including a job description, is available at http://www.nminsurancesuperintendent.tk/

News & Press Releases:

The 2013 Fraud Assessments and P&C Filing Fees will NOT be mailed out this year.  The availability and due dates are as follows:

  • The 2013 Fraud Assessments will be available online on May 15, 2013 and due on June 15, 2013.

  • The 2013 Property & Casualty Rate Form Annual Filling Fees will be available on May 30, 2013 and due on July 1, 2013.

*Please update any address and contact information using the Address Change/Update Form as we are updating our database.




State Health Insurance Exchange Board to Hold First Meeting Next Week - April 24, 2013



Insurance Bulletin 2013-004 RE: Medical Loss Ratio Reporting



State Enrollment in Federal High-Risk Insurance Pool Suspended - March 4, 2013



State Insurance Division Rolls Out Multiple Enforcement Actions
- February 21, 2013




PRC Insurance Division Licenses First New Company for State Insurance Exchange - February 19, 2013



PRC Insurance Division Nabs Large Cash Settlement from AIG
- February 5, 2013



Attention: Insurance Companies
Click here for Annual Statement Invoices.




Annual Continuation of Certificate of Authority/Registration Fees, Annual Statement Filing Fees - October 19, 2012



PRC Insurance Division Sets Essential Benefits Plan Under Affordable Care Act - October 17, 2012



PRC Insurance Division CONSUMER ALERT: What Consumers Should Know About Lender Placed Insurance - October 2, 2012



PRC Insurance Division To Host Flood Certification Course For NM Adjusters - September 24, 2012



Insurance Bureaus

Agent Licensing Bureau Company Licensing Bureau Examinations Bureau
Revenue Audit/Processing Section Insurance Fraud Bureau Investigations Section
Life and Health Rate and Form Filing Bureau Managed Healthcare Bureau Title Insurance
Property and Casualty Product Bureau Workers Compensation Bureau

Biography of John G. Franchini

 

John G. Franchini, a native New Mexican and graduate of Creighton University in Omaha, has over 35 years experience in the insurance industry. 

 

John “temporarily” joined Consolidated Agency, his father’s independent insurance agency, while attending graduate school at the University of New Mexico.  Ten years later, he purchased the business and expanded it to four locations employing 82 people and servicing nearly 15,000 customers.  During that time, he served on the New Mexico Workers’ Compensation Assigned Risk Pool Board of Governors, the Patient Compensation Administration Board of Directors, and was elected president of the Independent Insurance Agents of New Mexico. 


In 1998, Poe & Brown, a national insurance broker, purchased the business.  Franchini was named vice president, and his responsibilities included new business production, development of specialized insurance programs, and agency acquisitions.  He received the company’s “Top Gun of New Mexico” award in 2000 and the “Top Gun of the Southwest” award in 2001.

 

Franchini joined New Mexico Mutual in 2002 and was eventually named Vice President of Government and Industry Affairs.  At New Mexico Mutual, he worked with state legislators, members of regulatory agencies, and insurance agents to strengthen the company’s financial and public standing. 

 

John is a member of the Leadership New Mexico Class of 2007, former board member of the Rocky Mountain Insurance Information Association, and past president of the New Mexico Insurance Association.












 
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