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SANTA FE — New Mexico Insurance Superintendent Morris Chavez is stepping down from his post.
Chavez has turned in a resignation letter to the New Mexico Public Regulation Commission, which oversees the Insurance Division. He said in a statement that he reached his decision after deliberating with his family, but his letter did not cite specific reasons for his resignation.
The commission indicated it would accept Chavez’s resignation.
The Insurance Division recently wrapped up a contentious rate case involving Blue Cross and Blue Shield of New Mexico. The division reached a settlement, but one commissioner complained that the public wasn’t allowed to voice their concerns.
Chavez had denied there was any back-room deal and said the commissioner’s comments were inappropriate.
Chavez has served as insurance superintendent since October 2006.
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