New Mexico Statutes
Chapter 59A - Insurance Code
Article 44 - Fraternal Benefit Societies

Section 59A-44-1 - Fraternal benefit societies. - Any incorporated society, order or supreme lodge, without capital stock,...

Section 59A-44-2 - Lodge system. - A. A society is operating on the lodge system if...

Section 59A-44-3 - Representative form of government. - A society has a representative form of government when: A....

Section 59A-44-4 - Definitions. - As used in Chapter 59A, Article 44 NMSA 1978: A....

Section 59A-44-5 - Purposes and powers. - A. A society shall operate for the benefit of members...

Section 59A-44-6 - Qualifications for membership. - A. A society shall specify in its laws or rules:...

Section 59A-44-7 - Location of office; meetings; communications to members; grievance procedures. - A. The principal office of any domestic society shall be...

Section 59A-44-8 - No personal liability. - A. The officers and members of the supreme governing body...

Section 59A-44-9 - Waiver. - The laws of the society may provide that no subordinate...

Section 59A-44-10 - Organization. - A domestic society organized on or after the effective date...

Section 59A-44-11 - Amendments to laws. - A. A domestic society may amend its laws in accordance...

Section 59A-44-12 - Institutions. - A. A society may create, maintain and operate, or may...

Section 59A-44-13 - Reinsurance. - A. A domestic society may by a reinsurance agreement cede...

Section 59A-44-14 - Consolidations and mergers. - A. A domestic society may consolidate or merge with any...

Section 59A-44-15 - Conversion of society into a mutual life insurance company. - Any society may be converted and licensed as a mutual...

Section 59A-44-16 - Benefits. - A. A society authorized to do business in this state...

Section 59A-44-17 - Beneficiaries. - A. The owner of a certificate shall have the right...

Section 59A-44-18 - Benefits not attachable. - No money or other benefit, charity, relief or aid to...

Section 59A-44-19 - The benefit contract. - A. Every society authorized to do business in this state...

Section 59A-44-20 - Nonforfeiture benefits; cash surrender values; certificate loans and other options. - A. For certificates issued prior to one year after the...

Section 59A-44-21 - Investments. - A society shall invest its funds only in such investments...

Section 59A-44-22 - Funds. - A. All assets shall be held, invested and disbursed for...

Section 59A-44-23 - Exemptions. - Except as herein provided, societies shall be governed by Chapter...

Section 59A-44-24 - Taxation. - Every society organized or licensed under Chapter 59A, Article 44...

Section 59A-44-25 - Valuation. - A. Standards of valuation for certificates issued prior to one...

Section 59A-44-26 - Reports. - Reports shall be filed in accordance with the provisions of...

Section 59A-44-27 - Certificates of authority. - Societies which are now authorized to transact business in this...

Section 59A-44-28 - Examination of societies; no adverse publications. - A. The superintendent, or any person he may appoint, may...

Section 59A-44-29 - Foreign or alien society. - A. No foreign or alien society shall transact business in...

Section 59A-44-30 - Injunction; liquidation; receivership of domestic society. - A. When the superintendent upon investigation finds that a domestic...

Section 59A-44-31 - Suspension, revocation or refusal of license of foreign or alien society. - A. When the superintendent upon investigation finds that a foreign...

Section 59A-44-32 - Injunction. - No application or petition for injunction against any domestic, foreign...

Section 59A-44-33 - Licensing of agents. - A. Agents of societies shall be licensed in accordance with...

Section 59A-44-34 - Unfair methods of competition and unfair and deceptive acts and practices. - Every society authorized to do business in this state shall...

Section 59A-44-35 - Service of process. - A. Every society authorized to do business in this state...

Section 59A-44-36 - Fee schedule. - A. Except as provided in Subsection B of this section,...

Section 59A-44-37 - Carrie Tingley crippled children's hospital fund. - The superintendent shall pay to the state treasurer, and the...

Section 59A-44-38 - Review. - All decisions and findings of the superintendent made under the...

Section 59A-44-39 - Penalties. - A. Any person who willfully makes a false or fraudulent...

Section 59A-44-40 - Exemption of certain societies. - A. Nothing contained in Chapter 59A, Article 44 NMSA 1978...

Section 59A-44-41 - Applicability of Insurance Code. - To the extent not in conflict with the express provisions...

Section 59A-44-42 - Severability. - If any provision of Chapter 59A, Article 44 NMSA 1978...

Section 59A-44-43 to 59A-44-45 - Repealed. - Repeals. — Laws 1989, ch. 388, § 43 repealed 59A-44-43...

Section 59A-44-46 - Fraternal benefit societies; certificate provisions relating to individuals who are eligible for medical benefits under the medicaid program. - A. Each individual or group policy or certificate of accident...