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NM SB173
Bill
AI Summary
- Amends Section 41-5-5 NMSA 1978 to allow health care providers to use either claims-made or occurrence-based malpractice liability insurance to qualify under the Medical Malpractice Act
- Requires providers with claims-made insurance to obtain tail coverage when their policy is terminated to cover future claims arising from incidents during the policy period
- Changes terminology throughout from "occurrence" to "malpractice claim" for insurance coverage thresholds ($250,000 minimum for providers, $500,000 for independent outpatient facilities)
- Removes previous restriction that limited flexible insurance options only to hospitals and hospital-controlled outpatient facilities, extending this flexibility to all qualifying health care providers
- Adds statutory definitions for "claims-made malpractice insurance," "occurrence-based malpractice insurance," and "tail coverage"
Legislative Description
Expand Medical Malpractice Insurance Types
Last Action
Sent to SCC - Referrals: SCC/STBTC/SJC
1/28/2026
Committee Referrals
Committees1/28/2026
Full Bill Text
No bill text available