New Mexico Superintendent of Insurance

New Mexico Superintendent of Insurance
General information
Office Type:	Nonpartisan
Office website:	Official Link
Compensation:	$169,614
2025 FY Budget:	$151,816,700
Term limits:	None
Structure
Length of term:	4 years
Selection Method:	Appointed by the insurance nominating committee
Current Officeholder
New Mexico Superintendent of Insurance Alice Kane Nonpartisan Assumed office: July 6, 2023
Other New Mexico Executive Offices
Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Public Lands • Secretary of Education • Agriculture Secretary • Insurance Superintendent • Secretary of Energy, Minerals and Natural Resources • Secretary of Workforce Solutions • Public Regulation Commission • Public Education Commission

The New Mexico Superintendent of Insurance is an appointed state executive position in the New Mexico state government. The superintendent leads the Office of Superintendent of Insurance, a consumer protection agency for insurance in New Mexico.

The superintendent, as head of the office, oversees private health and life, business, auto, home, and title insurance in the state. Protections offered by the Office of Superintendent of Insurance include consumer assistance, complaint processing, appeals and grievances resolution, and fraud control.^[1]

Current officeholder

The current New Mexico Superintendent of Insurance is Alice Kane (nonpartisan). Kane assumed office in 2023.

The superintendent of insurance's establishment and authority is derived from Article XI, Section 20 of the New Mexico Constitution.

Article XI, Section 20:

The office of "superintendent of insurance" is created as of July 1, 2013. The superintendent of insurance shall regulate insurance companies and others engaged in risk assumption in such manner as provided by law ...[2]

Qualifications

Chapter 59A, Article 2 of the New Mexico Statutes establishes the qualifications of the office:

The superintendent shall: A. be a resident of New Mexico at the time of appointment; B. be bonded as provided in the Surety Bond Act [10-2-13 to 10-2-16 NMSA 1978]; C. not have a direct financial interest in an insurer, insurance agency or insurance transaction except as a policyholder or a claimant under a policy or as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; and D. not have a spouse who: (1) has a direct financial interest in an insurer or insurance agency regulated by the office of superintendent of insurance, except as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; or (2) is licensed as an individual by the office of superintendent of insurance.

Appointments

The superintendent of insurance is appointed by the Insurance Nominating Committee.^[2] The nominating committee consists of nine members, including four insurance industry representatives and four insurance consumer advocates, appointed in equal number by the New Mexico legislative council and the governor. The eight appointed members select the ninth member of the committee to serve as its chair.^[3]

Vacancies

Details of vacancy appointments are addressed under Chapter 59A, Article 2 of the New Mexico Statutes. In the event of a vacancy in the office, the nominating committee must meet within thirty days following the vacancy and must appoint a successor within sixty days after that meeting. The successor serves the remainder of the term.^[3]

Duties

The superintendent of insurance, as head of the office of superintendent of insurance, oversees private health and life, business, auto, home, and title insurance in the state.^[1] The superintendent is responsible for enforcing the provisions established in New Mexico's Insurance Code, which includes the regulation of the insurance industry, licensure of providers, and cooperation with interstate and federal insurance officials, associations, and agencies.^[4] Additional duties include, but are not limited to:^[5]

• Organizing and managing the office of superintendent of insurance;
• Conducting examinations and investigations on insurance matters either expressly authorized authorization or based on probable cause of violations;
• Making, entering into, and enforcing contracts or agreements in order to exercise the office's powers under the Insurance Code; and
• Preparing an annual budget for the office of superintendent of insurance.

Divisions

The office of superintendent of insurance consists of the following divisions:

Civil Investigations Company Licensing Bureau Consumer Assistance Bureau Criminal Division Examinations Bureau Financial Audit Bureau Information Technology

Patient Compensation Fund Property & Casualty Bureau Producer Licensing Healthcare Reform Life & Health Product Filings Breau Managed Health Care Bureau Title Insurance

State budget

See also: New Mexico state budget and finances

The budget for the Office of Superintendent of Insurance in Fiscal Year 2025 was $151,816,700.^[6]

Compensation

See also: Compensation of state executive officers

2023

In 2023, the officer's salary was $169,614, according to the Council of State Governments.^[7]

2022

In 2022, the officer's salary was $158,340, according to the Council of State Governments.^[8]

2021

In 2021, the superintendent received a salary of $156,000, according to the Council of State Governments.^[9]

2020

In 2020, the superintendent received a salary of $156,000, according to the Council of State Governments.^[10]

2019

In 2019, the superintendent received a salary of $116,280, according to the Council of State Governments.^[11]

2018

In 2018, the superintendent received a salary of $114,000, according to the Council of State Governments.^[12]

2017

In 2017, the superintendent received a salary of $114,000, according to the Council of State Governments.^[13]

2016

In 2016, the superintendent received a salary of $114,000, according to the Council of State Governments.^[14]

Historical officeholders

Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the New Mexico Superintendent of Insurance has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.

Recent news

The link below is to the most recent stories in a Google news search for the terms New Mexico 'Superintendent of Insurance'. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.

Contact information

Physical Address:
1120 Paseo de Peralta, Ste. 428
Santa Fe, New Mexico 87501

Phone: 1-855-427-5674
Email: Contact form

See also

New Mexico	State Executive Elections	News and Analysis
New Mexico State Executive Offices New Mexico State Legislature New Mexico Courts	2025 • 2024 • 2023 • 2022 • 2021 • 2020 • 2019 • 2018 • 2017 • 2016 New Mexico elections: 2025 • 2024 • 2023 • 2022 • 2021 • 2020 • 2019 • 2018 • 2017 • 2016	Party control of state government State government trifectas State of the state addresses Partisan composition of governors

External links

• Office of Superintendent of Insurance

Footnotes

	v • e State of New Mexico Santa Fe (capital)
Elections	What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures
Government	Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy