LINCOLN COUNTY HOMEOWNER RELIEF

HM 55 (House Memorial 55) is a non-binding resolution urging New Mexico's Office of Superintendent of Insurance to approve proposed changes to the state's FAIR plan property insurance program. The resolution seeks to increase residential coverage limits under the FAIR plan to $750,000 for homeowners in high-risk wildfire areas like Lincoln County, where recent fires destroyed homes. This change would provide higher coverage than the current actual-cash-value basis, helping affected residents secure insurance to rebuild. The memorial does not create new law but formally requests timely approval of these specific coverage adjustments.