New mexico constitution
Article XI: corporations other than municipal
Section 2

The public regulation commission shall have
responsibility for regulating public utilities, including
electric, natural gas and water companies; transportation
companies, including common and contract carriers;
transmission and pipeline companies, including telephone,
telegraph and information transmission companies; insurance
companies and others engaged in risk assumption; and other
public service companies in such manner as the legislature
shall provide. The public regulation
commission shall have responsibility for regulating insurance
companies and others engaged in risk assumption as provided by
law until July 1, 2013.