|January 24, 2019
|The first week of the legislature has come and gone. Only seven more to go. First, we would like to congratulate one of our own Mo Chavez. Mo started his career in the agency side of the business, had a short stint as Superintendent of Insurance, before going on to his legal career. He now specializes in Insurance Law among other areas of expertise.
See his announcement: “SaucedoChavez is proud to announce the appointment of two of its attorneys to Governor Michelle Lujan Grisham’s transition team. Partner Morris “Mo” Chavez was appointed to the New Mexico Regulations and Licensing Department transition team. The Regulations and Licensing Department transition team is responsible for reviewing the agency, getting feedback from the agency stakeholders, and providing recommendations to Governor Lujan Grisham. The New Mexico Regulation & Licensing Department is the agency responsible for the oversight and licensing of a wide range of service providers in New Mexico.” (Learn more about Mo and his practice )
As far as bills that we are tracking, on Tuesday night, House Bill 31, which would implement a phased-in minimum wage increase as early as July, passed the House Labor, Veterans & Military Affairs Committee. It was sponsored by Rep. Miguel García, D-District 14.
HB 31 would raise New Mexico’s minimum wage from $7.50 an hour to $10 beginning July 1, $12 an hour by July 1, 2021, and include annual increases to adjust for cost of living by July 1, 2022.
The only other legislation that has seen some movement is The Prizes and Gifts for Insurance Customers SB164. This would raise the limit that insurance agents can spend on gifts or prizes for their customers to $100. It has been placed on the “Rocket Docket” and has passed the Corporations and Transportation Committee and is now on the Senate Calendar for a vote.
We have added a few more bills recently introduced to our tracking log. House and Senate bills were introduced to allow electronic proof of vehicle registration and insurance so that you don’t have to leave the valuable documents in your car. A requirement to notify increases of homeowners premiums due to certain circumstances within 120 days, and allow for an appeal. A bill to create the Short Term & Limited Benefit Plan Act to set standards and rules for any Short Term Health Plans sold in the state. Please make sure that you go to our website and look at our log where you can get full details on any of the bills that we are following.
Until next week!