The New Mexico Property Insurance Program (NMPIP) is a not-for-profit association that serves as the underwriting association for the New Mexico F.A.I.R. Plan (Fair Access to Insurance Requirements). Established in 1969, NMPIP provides essential property insurance to responsible and qualified applicants in the state who are unable to secure such insurance in the normal market. They operate as a property market of last resort, underwriting applications, issuing policies, and adjusting claims.
As a member of the New Mexico FAIR Plan and Program, all insurers licensed to write essential property insurance in the state are required to subscribe to the articles of agreement on file in the superintendent's office. NMPIP exclusively writes property insurance for dwellings and commercial properties, issuing policies on their own NMPIP paper and utilizing a third-party administrator (TPA) to manage claims with the help of independent adjusters throughout New Mexico.
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