New Mexico Statutes
Chapter 59A - Insurance Code
Article 55 - Risk Retention and Purchasing Groups

Section 59A-55-1 - Short title. - Sections 1 through 26 [59A-55-1 to 59A-55-26 NMSA 1978] of...

Section 59A-55-2 - Purpose. - The purpose of the Risk Retention and Purchasing Group Act...

Section 59A-55-3 - Definitions. - As used in the Risk Retention and Purchasing Group Act:...

Section 59A-55-4 - Risk retention groups authorized in New Mexico. - A. A risk retention group seeking a New Mexico certificate...

Section 59A-55-5 - Risk retention groups not having a New Mexico certificate of authority. - A. Risk retention groups chartered and licensed in states other...

Section 59A-55-6 - Risk retention groups; reports. - A. Each risk retention group shall report to the superintendent...

Section 59A-55-7 - Compliance with unfair claims settlement practices. - All risk retention groups doing business in New Mexico and...

Section 59A-55-8 - Deceptive, false or fraudulent practices. - All risk retention groups doing business in New Mexico shall...

Section 59A-55-9 - Examination regarding financial condition. - Each risk retention group shall submit to an examination by...

Section 59A-55-10 - Notice to purchasers. - The superintendent may require risk retention groups to provide notice...

Section 59A-55-11 - Prohibited acts regarding solicitation or sale. - The following acts by a risk retention group are prohibited:...

Section 59A-55-12 - Prohibition on ownership by an insurance company. - No risk retention group shall be allowed to do business...

Section 59A-55-13 - Prohibited coverage. - The terms of any insurance policy issued by any risk...

Section 59A-55-14 - Delinquency proceedings. - A risk retention group not having a New Mexico certificate...

Section 59A-55-15 - Penalties. - A risk retention group that violates any provision of the...

Section 59A-55-16 - Operation prior to enactment of act. - In addition to complying with the requirements of the Risk...

Section 59A-55-17 - Compulsory associations. - A. No risk retention group shall be required or permitted...

Section 59A-55-18 - Purchasing groups' exemption from certain laws. - A purchasing group and its insurer or insurers shall be...

Section 59A-55-19 - Notice and registration requirements of purchasing groups. - A. A purchasing group which intends to do business in...

Section 59A-55-20 - Restrictions on insurance purchased by purchasing groups. - A. A purchasing group may not purchase insurance from a...

Section 59A-55-21 - Repealed. - History: Laws 1988, ch. 125, § 21; repealed by Laws...

Section 59A-55-22 - Administrative and procedural authority regarding risk retention groups and purchasing groups. - The superintendent is authorized to make use of any of...

Section 59A-55-23 - Penalties. - A risk retention group that violates any provision of the...

Section 59A-55-24 - Duty of insurance producers to obtain license. - A. No person, firm, association or corporation shall act or...

Section 59A-55-25 - Binding effect of orders issued in United States district court. - An order issued by any district court of the United...

Section 59A-55-26 - Rules and regulations. - The superintendent may establish and from time to time amend...