Ruidoso Insurance Policyholders Downgraded to Class 3 Rating

NM Insurance News

Published January 14th, 2026

Detected March 19th, 2026

Summary

The New Mexico Office of the Superintendent of Insurance issued a bulletin notifying insurers that Ruidoso, NM policyholders are being downgraded from a Class 2 to a Class 3 Public Protection Classification (PPC) rating, effective July 1, 2026. Insurers must notify affected policyholders within 90 days of the bulletin.

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What changed

The New Mexico Office of the Superintendent of Insurance (OSI) has issued a bulletin regarding a change in the Public Protection Classification (PPC) for policyholders in Ruidoso, New Mexico. ISO, a rating organization, has reclassified the fire service protection areas of Ruidoso from a Class 2 to a Class 3 rating, with the change set to take effect on July 1, 2026. This bulletin serves as official notification to insurers operating in the affected areas.

Insurers with policyholders in the Ruidoso Fire Service Protection Areas (FSPAs) are required to provide written notice to their policyholders within ninety days of this bulletin's date. This notice must inform policyholders of the unfavorable change in their insurance rating. Failure to comply with this notification requirement may result in regulatory action.

What to do next

Review Bulletin 2026-003 and the referenced PDF for specific notification language.
Develop and send written notice to all affected Ruidoso policyholders within 90 days of the bulletin date (by April 14, 2026).
Ensure notification language accurately reflects the downgrade from Class 2 to Class 3 PPC.

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This Bulletin is issued as required by general OSI Bulletin No. 2026-003.

The OSI has been notified by ISO, a rating/advisory organization, about a recent Public Protection Classification (PPC) survey involving the fire service protection areas (FSPA) of Ruidoso. As a result, policyholders protected by Ruidoso FSPA are moving from class 2 rating to class 3 (with class 1 being the best possible rating).

ISO intends to make the change effective July 1, 2026.

Within ninety days of the date of this Bulletin, all residential property/casualty Insurers of customers in the Ruidoso FSPAs must provide written notice to its policyholders that includes this language, or language of similar meaning:

**For complete content please see PDF below.**

NOTICES REGARDING UNFAVORABLE CHANGES TO PUBLIC PROTECTION CLASSIFICATIONS AS REQUIRED BY INSURANCE CODE§59A-18-33, NMSA 1978