New Mexico Statutes
Chapter 59A - Insurance Code
Article 5 - Authorization of Insurers and General Requirements

Section 59A-5-1 - Definitions, in general. - In the Insurance Code words defined in Sections 69 through...

Section 59A-5-2 - "Alien" insurer defined. - An "alien" insurer is one formed under the laws of...

Section 59A-5-3 - "Charter" defined. - "Charter" means certificate of incorporation, articles of incorporation, articles of...

Section 59A-5-4 - "Domestic" insurer defined. - A "domestic" insurer is one formed under the laws of...

Section 59A-5-5 - "Foreign" insurer defined. - A "foreign" insurer is generally one organized under the laws...

Section 59A-5-6 - "Lloyds" insurer defined. - A "Lloyds" insurer is an unincorporated but formally associated group...

Section 59A-5-7 - "Mutual" insurer defined. - A "mutual" insurer is an incorporated insurer without capital stock,...

Section 59A-5-8 - "Reciprocal" insurer defined. - A "reciprocal" insurer is an unincorporated aggregation of subscribers operating...

Section 59A-5-9 - "Stock" insurer defined. - A "stock" insurer is an incorporated insurer with capital divided...

Section 59A-5-10 - Certificate of authority required; penalty. - A. No person shall act as an insurer, and no...

Section 59A-5-11 - Exemptions from authority requirement. - A certificate of authority shall not be required of an...

Section 59A-5-11.1 - Exemption from authority requirement; provider service networks. - A certificate of authority shall not be required of a...

Section 59A-5-12 - General eligibility for certificate of authority. - To qualify for and hold authority to transact insurance in...

Section 59A-5-13 - General eligibility for authority; ownership and management. - A. No foreign insurer which is owned or controlled in...

Section 59A-5-14 - Name of insurer. - A. No insurer shall be formed or authorized to transact...

Section 59A-5-15 - Insuring power combinations. - An insurer which otherwise qualifies therefor shall be authorized to...

Section 59A-5-16 - Capital funds, deposits, required for certificate of authority. - A. To qualify for certificate of authority to transact any...

Section 59A-5-17 - Insuring powers without added basic capital. - An insurer while authorized to transact property insurance may include...

Section 59A-5-18 - General deposit. - A. For certificate of authority to transact insurance in this...

Section 59A-5-19 - Special deposit or bond. - A. To qualify for and continue to hold a certificate...

Section 59A-5-20 - General deposit of alien insurer. - A. The superintendent shall not issue or permit to exist...

Section 59A-5-21 - Application for certificate of authority. - A. To apply for an original certificate of authority in...

Section 59A-5-22 - Issuance, refusal of authority; ownership of certificate. - A. Upon completion of application of an insurer or proposed...

Section 59A-5-23 - Continuance, expiration, reinstatement of certificate of authority. - A. A certificate of authority shall continue in force as...

Section 59A-5-24 - Suspension or revocation of certificate of authority; mandatory grounds. - A. The superintendent shall suspend or revoke an insurer's certificate...

Section 59A-5-25 - Impairment as grounds for suspension or revocation of certificate of authority. - A. For the purposes of Section 91 [59A-5-24 NMSA 1978]...

Section 59A-5-26 - Suspension, limitation or revocation of authority; discretionary and special grounds. - A. The superintendent may, at his discretion, suspend, limit or...

Section 59A-5-27 - Duration of suspension; insurer's obligations during suspension; reinstatement. - A. Suspension of an insurer's certificate of authority shall be...

Section 59A-5-28 - General corporation statutes inapplicable to foreign insurers. - The general corporation statutes of New Mexico shall not apply...

Section 59A-5-29 - Annual statement. - A. Each authorized insurer shall annually on or before March...

Section 59A-5-29.1 - Quarterly reports. - The superintendent may, in his sole discretion at any time...

Section 59A-5-30 - Penalties for late, false annual statements. - A. Any insurer failing, without just cause reasonably beyond control...

Section 59A-5-31 - Appointment of superintendent as process agent. - A. Before the superintendent authorizes it to transact insurance in...

Section 59A-5-32 - Serving process; time to plead. - A. Service of process against an insurer for whom the...

Section 59A-5-33 - Reciprocity provision. - A. When by or pursuant to the laws of any...