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Section 59A-41-1 - Short title. - This article [Chapter 59A, Article 41 NMSA 1978] constitutes and...
Section 59A-41-2 - Scope of article. - The provisions of Chapter 59A, Article 41 NMSA 1978 as...
Section 59A-41-3 - Definitions. - As used in this article and unless context otherwise requires,...
Section 59A-41-4 - "Ancillary state" defined. - "Ancillary state" means any state other than a domiciliary state....
Section 59A-41-5 - "Creditor" defined. - "Creditor" means a person having a claim, whether matured or...
Section 59A-41-6 - "Delinquency proceeding" defined. - "Delinquency proceeding" means any proceeding commenced against an insurer pursuant...
Section 59A-41-7 - "Domiciliary state" defined. - "Domiciliary state" means the state in which an insurer is...
Section 59A-41-8 - "Foreign country" defined. - "Foreign country" means territory not in any state. History: Laws...
Section 59A-41-9 - "General assets" defined. - "General assets" means all property, real, personal or otherwise, not...
Section 59A-41-10 - "Impairment" defined. - "Impairment" exists as to: A. a stock, mutual, reciprocal, or...
Section 59A-41-11 - "Insolvency" defined. - "Insolvency" exists as to: A. any organization, when it is...
Section 59A-41-12 - "Preferred claim" defined. - "Preferred claim" means any claim accorded priority of payment from...
Section 59A-41-13 - "Receiver" defined. - "Receiver" means a receiver, liquidator, rehabilitator or conservator, as context...
Section 59A-41-14 - "Reciprocal state" defined. - "Reciprocal state" means any state other than this state in...
Section 59A-41-15 - "Secured claim" defined. - "Secured claim" means any claim secured by mortgage, trust deed,...
Section 59A-41-16 - "Special deposit claim" defined. - "Special deposit claim" means any claim secured by a deposit...
Section 59A-41-17 - Uniform Insurers Liquidation Act; composition, severability and interpretation. - A. Sections 695 [709] through 715 [59A-41-17 to 59A-41-23 NMSA...
Section 59A-41-18 - Conduct of delinquency proceedings against domestic insurers. - A. Whenever under the laws of this state a receiver...
Section 59A-41-19 - Conduct of delinquency proceedings against nondomestic insurers; domiciliary receiver may sue. - A. Whenever under the laws of this state an ancillary...
Section 59A-41-20 - Filing, proving claims of nonresidents against delinquent domestic insurers. - A. In a delinquency proceeding begun in this state against...
Section 59A-41-21 - Filing, proving claims of residents against delinquent insurers domiciled in reciprocal states. - A. In a delinquency proceeding in a reciprocal state against...
Section 59A-41-22 - Priority of preferred claims, special deposit claims and secured claims. - A. In a delinquencey [delinquency] proceeding against an insurer domiciled...
Section 59A-41-23 - Attachment, garnishment of assets. - During pendency of delinquency proceedings in this or any reciprocal...
Section 59A-41-24 - Hazardous financial condition; determination. - A. For the purposes of Sections 59A-41-25 and 59A-41-26 NMSA...
Section 59A-41-25 - Requirements of insurer in hazardous financial condition. - A. Whenever the superintendent finds an insurer authorized to transact...
Section 59A-41-26 - Hazardous financial condition; failure of insurer to comply with requirements. - If an insurer found by the superintendent to be in...
Section 59A-41-27 - Deposit of foreign insurer during examination; impoundment of assets. - A. This section shall apply as to any foreign insurer...
Section 59A-41-28 - Grounds for rehabilitation, liquidation of domestic insurer. - The superintendent may apply under Chapter 59A, Article 41 NMSA...
Section 59A-41-29 - Order of rehabilitation; termination. - A. An order to rehabilitate a domestic insurer shall direct...
Section 59A-41-30 - Order of liquidation of domestic insurer; rights, liabilities. - A. An order to liquidate the business of a domestic...
Section 59A-41-31 - Grounds for conservation of assets of foreign insurer. - The superintendent may apply under Chapter 59A, Article 41 NMSA...
Section 59A-41-32 - Order of conservation or ancillary liquidation of foreign or alien insurer. - An order to conserve the assets of a foreign or...
Section 59A-41-33 - Grounds for dissolution of domestic insurer. - The superintendent may apply under this article for an order...
Section 59A-41-34 - Commencement of a delinquency proceeding. - A. The superintendent, the attorney general or an insurance department...
Section 59A-41-35 - Change of venue. - At any time after commencement of a proceeding under this...
Section 59A-41-36 - Right of guaranty association to participate in delinquency proceeding. - A. A guaranty association referred to in Article 42 [Chapter...
Section 59A-41-37 - Exemption from filing fees. - The superintendent shall not be required to pay any fee...
Section 59A-41-38 - Deposit of monies collected. - The superintendent shall from time to time deposit in one...
Section 59A-41-39 - Borrowing on pledge of assets. - For the purpose of facilitating the rehabilitation, liquidation, conservation or...
Section 59A-41-40 - Sale, disposition of assets and compromise of certain claims. - A. The superintendent may, subject to the approval of the...
Section 59A-41-41 - Time to file claims. - A. If upon entry of an order of liquidation of...
Section 59A-41-42 - Fraudulent transfers prior to petition. - A. Every transfer made or suffered and every obligation incurred...
Section 59A-41-43 - Fraudulent transfer after petition. - A. After a petition for rehabilitation or liquidation has been...
Section 59A-41-43.1 - Voidable preferences and liens. - A. (1) A preference is a transfer of any of...
Section 59A-41-43.2 - Liability for participation in fraudulent transfer or voidable preference. - A. Every officer, manager, employee, shareholder, member, subscriber, attorney or...
Section 59A-41-43.3 - Claims of holders of void or voidable rights. - A. No claims of a creditor who has received or...
Section 59A-41-44 - Priorities in distribution. - The priority of claims and order of distribution of the...
Section 59A-41-45 - Offsets. - A. In all cases of mutual debts or mutual credits...
Section 59A-41-45.1 - Recovery from affiliates. - The receiver shall have a right to recover from an...
Section 59A-41-46 - Report for assessment; domestic mutual, reciprocal insurers. - Within three (3) years from the date an order of...
Section 59A-41-47 - Levy of assessment; domestic mutual, reciprocal insurers. - A. Upon the basis of the report provided for in...
Section 59A-41-48 - Order for payment of assessment; domestic mutual, reciprocal insurers. - After levy of assessment as provided in Section 739 [59A-41-47...
Section 59A-41-49 - Assessment order, publication and transmittal. - The superintendent shall cause a notice of an assessment order,...
Section 59A-41-50 - Judgment upon the assessment. - A. On the return day of the order to show...
Section 59A-41-51 - Summary proceedings; superintendent's corrective orders authorized. - A. If the superintendent determines after a hearing that any...
Section 59A-41-52 - Summary proceedings; appeal from superintendent's order. - If the superintendent has issued a summary order before hearing...
Section 59A-41-53 - Summary proceedings; enforcement; penalty. - A. The superintendent may apply for and the district court...
Section 59A-41-54 - Summary proceedings; seizure under court order. - A. Upon filing by the superintendent in the district court...
Section 59A-41-55 - Summary proceedings; seizure under superintendent's order. - A. If it appears to the superintendent that the interests...
Section 59A-41-56 - Summary proceedings; conduct of administrative and judicial hearings. - A. The superintendent shall hold all hearings in summary proceedings...
Section 59A-41-57 - Summary proceedings; penalty for refusal to deliver property, records. - Any person having possession or custody of and refusing to...