New Mexico Statutes
Chapter 59A - Insurance Code
Article 39 - Reciprocal Insurers

Section 59A-39-1 - "Reciprocal" insurance defined. - As used in the Insurance Code, "reciprocal" insurance is that...

Section 59A-39-2 - Scope of chapter; existing insurers. - A. All authorized reciprocal insurers shall be governed by those...

Section 59A-39-3 - Insuring powers of reciprocals. - A. A reciprocal insurer may, upon qualifying therefor as provided...

Section 59A-39-4 - Name; suits. - A reciprocal insurer shall: A. have and use a business...

Section 59A-39-5 - Attorney. - A. "Attorney", as used in Chapter 59A, Article 39 NMSA...

Section 59A-39-6 - Organization of reciprocal insurer. - A. Twenty-five (25) or more persons domiciled in this state...

Section 59A-39-7 - Certificate of authority. - A. The certificate of authority of a reciprocal insurer shall...

Section 59A-39-8 - Power of attorney. - A. The rights and powers of the attorney of a...

Section 59A-39-9 - Modifications. - Modifications of the terms of the subscribers' agreement or of...

Section 59A-39-10 - Attorney's bond. - A. Concurrently with the filing of the declaration provided for...

Section 59A-39-11 - Deposit in lieu of bond. - In lieu of the bond required under Section 667 [59A-39-10...

Section 59A-39-12 - Action on bond. - An action on the attorney's bond or to recover against...

Section 59A-39-13 - Service of process; judgment. - A. Legal process shall be served upon a domestic reciprocal...

Section 59A-39-14 - Contributions to insurer. - A. The attorney or other parties may advance to a...

Section 59A-39-15 - Financial condition; method of determining. - In determining the financial condition of a reciprocal insurer the...

Section 59A-39-16 - Who may be subscribers. - A. Individuals, partnerships and corporations of this state may make...

Section 59A-39-17 - Subscribers' advisory committee. - A. The advisory committee of a domestic reciprocal insurer exercising...

Section 59A-39-18 - Subscribers' liability. - A. The liability of each subscriber, other than as to...

Section 59A-39-19 - Subscribers' liability on judgment. - A. No action shall lie against any subscriber upon any...

Section 59A-39-20 - Assessments. - A. Assessments may from time to time be levied upon...

Section 59A-39-21 - Time limit for assessments. - Every subscriber of a domestic reciprocal insurer having contingent liability...

Section 59A-39-22 - Aggregate liability. - No one policy or subscriber to such policy, shall be...

Section 59A-39-23 - Nonassessable policies. - A. If a reciprocal insurer has a surplus of assets...

Section 59A-39-24 - Subscribers' share in assets. - Upon the liquidation of a domestic reciprocal insurer, its assets...

Section 59A-39-25 - Merger or conversion. - A. A domestic reciprocal insurer upon the affirmative vote of...

Section 59A-39-26 - Impaired reciprocals. - A. Subject to the limitation set forth in the power...