Will New Mexico expand its FAIR Plan?
As of 04:05 UTC on 7 Sep 2026, Kalshi prices “Will New Mexico expand its FAIR Plan?” at 38%. The market has no Kalshi-reported volume in the last 24 hours. pdata.world compares it with 24 related events on Kalshi and Polymarket.
If legislation expressly setting or requiring dwelling coverage of at least $500,000 under the FAIR Plan Act or a successor state residual property insurance mechanism, or appropriating at least $10 million in state funds as a premium subsidy or catastrophe backstop for residential wildfire insurance is enacted in New Mexico before Aug 1, 2027, then the market resolves to Yes.
Enactment requires completion of all constitutional and legal requirements for the legislation to become binding law. Standard legislation requiring executive approval: final passage by all required legislative bodies, executive signature OR becoming law despite executive inaction OR successful veto override, and satisfaction of any required waiting periods Legislation not requiring executive approval: final passage and completion of required waiting periods Constitutional amendments: passage with required supermajorities and completion of ratification processes Executive orders: official signature, publication in official government records, and legal effectiveness The following do NOT constitute enactment: Legislative passage without completed executive action Passage by only some required bodies Provisional passage Non-binding resolutions Draft orders Enactment occurs when all requirements are completed, regardless of pending judicial challenges. Note: This event was issued before the September 14, 2026 amendment to the LAW Contract, so that amendment does not apply. To be clear, a law must take legal effect before this event’s deadline; a law enacted before the deadline whose effective date falls on or after it does not satisfy the Payout Criterion.
