2024-11-05T17:24:06-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2023-01-01 237045075 NEW MEXICO PROPERTY INSURANCE PROGRAM NEWM 5058789563 2201 SAN PEDRO NE 20 ALBUQUERQUE NM 87110 ANALISA SISNEROS EXECUTIVE DIRECTOR 5058789563 2024-11-05 1 1 STEPHEN LIVINGSTON P00317845 5058428290 2024-11-05 2023 2024-10-15 13:58:12Z ANALISA SISNEROS 2201 SAN PEDRO NE 20 ALBUQUERQUE NM 87110 5049689 0 X WWW.NMPROPERTYINSURANCE.COM X 1969 NM TO PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL MARKET. 8 8 5 8 0 0 0 0 4469272 4768371 161525 281318 0 0 4630797 5049689 0 0 0 0 421016 407977 0 0 0 4643723 11025179 5064739 11433156 -433942 -6383467 9875754 3488483 4601 797 9871153 3487686 TO PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL MARKET. 0 0 PROVIDE ESSENTIAL PROPERTY INSURANCE TO APPLICANTS IN NEW MEXICO WHO ARE UNABLE TO SECURE IT IN THE NORMAL INSURANCE MARKET. 1250 CLAIMS WERE PROCESSED IN 2023. THERE WERE 6,578 POLICIES IN FORCE AS OF 12/31/2023. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 89 0 1 5 1 0 0 0 0 0 0 0 0 X 8 8 0 0 1 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 X MELINDA PACHECO 5058789563 2201 SAN PEDRO DR NE ALBUQUERQUE NM 87110 DARYL FILIPEK CHAIR 1.00 X X 0 0 0 STEVE FLETCHER VICE CHAIR 1.00 X X 0 0 0 DAVID SELL VICE CHAIR TO 9/22/2023 1.00 X X 0 0 0 KENDRA ZACHARIAS TREASURER 1.00 X X 0 0 0 MELISSA GRANDON SECRETARY 1.00 X X 0 0 0 SARAH BARNES DIRECTOR 1.00 X 0 0 0 KRIS MARTIN DIRECTOR 1.00 X 0 0 0 MELISSA ROBERTSON DIRECTOR 1.00 X 0 0 0 DUANE BENDER DIRECTOR 1.00 X 0 0 0 ANALISA SISNEROS EXECUTIVE DIRECTOR 40.00 X 98748 0 6887 98748 0 6887 1 0 0 0 FRONTIER ADJUSTERS INC 6908 TERESA CT NW ALBUQUEQUE NM 87120 CLAIMS APPRAISERS 1005367 QUICKBOOKS PAYROLL SERVICE 2700 COAST AVE MOUNTAIN VIEW CA 94043 PAYROLL SERVICES 233188 BEYONTEC SOLUTIONS INC 4600 FULLER DRIVE IRVING TX 75038 WEB PORTAL MAINTENANCE 147862 3 PREMIUMS COLLECTED 524126 4768371 4768371 4768371 281318 281318 5049689 4768371 0 281318 105635 225547 8816 42371 25608 21168 37696 536053 70910 160372 40985 958 9145 2824 CLAIM LOSSES/ADJUSTMENT 10078220 MISCELLANEOUS 39296 SERVICE FEES 21825 EQUIPMENT 5727 11433156 37773 2084 8207170 1781482 1628654 1702760 2157 2157 9875754 3488483 4601 797 4601 797 X 9871153 3487686 9871153 3487686 9875754 3488483 -6383467 0 X X 0 1 X 1 0 0 WITHHELD PAYROLL TAXES 797 797 5049689 0 5049689 0 5049689 11433156 0 11433156 0 11433156 FORM 990, PART VI, SECTION A, LINE 4 NMPIP AMENDED ARTICLE IV, WHICH LIMITS THE COVERAGE AND STIPULATES HOW TO ADDRESS COVERAGE NEEDED IN EXCESS OF AMOUNTS AVAILABLE BY NMPIP. NMPIP AMENDED ARTICLE IV, WHICH OUTLINES THE INSURER PARTICIPATION AND ASSESSMENT REQUIREMENTS. IT ALSO REMOVES THE PROVISIONS SURROUNDING REINSURANCE. ARTICLE XIII. ANNUAL AND SPECIAL MEETINGS - GOVERNING COMMITTEE MEETINGS WAS AMENDED TO INCLUDE MEETINGS THAT CAN BE HELD VIRTUALLY. A NEW ARTICLE XVI WAS INCLUDED REGARDING THE REQUIREMENTS AND MECHANISMS FOR THE TERMINATION OF THE PLAN. FORM 990, PART VI, SECTION A, LINE 6 EACH INSURER WRITING ESSENTIAL PROPERTY INSURANCE IN NEW MEXICO IS A MEMBER OF THE PROGRAM. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT MEMBERS OF THE GOVERNING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR AND THE BOARD CHAIR REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 15 BOARD MEMBERS HOLD A GOVERNING COMMITTEE MEETING TO DISCUSS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZING DOCUMENTS ARE AVAILABLE UPON REQUEST. PRIOR YEAR STATEMENTS OF REVENUES, EXPENSES, AND OTHER CHANGES IN NET ASSETS ARE ON THE PROGRAM'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.