SUPER. OF INSURANCE & MED. MALPRACTICE

SB 224 allows the New Mexico Superintendent of Insurance to participate in mediation and court proceedings involving medical malpractice claims under the Medical Malpractice Act. It requires that records held by the Superintendent or the third-party administrator of the medical malpractice insurance fund remain confidential and cannot be subpoenaed, except for use in administering the Act. The bill also mandates that the Superintendent must be notified before any district court settlement involving the insurance fund can be approved, giving them the chance to review the settlement terms. This bill directly affects medical malpractice claimants, healthcare providers, and the state’s medical malpractice insurance fund.