A. "Insurer" includes every person engaged as principal and as indemnitor, surety or contractor in the business of entering into contracts of insurance.
B. An "authorized insurer" is a [an] insurer holding a valid and subsisting certificate of authority, issued by the superintendent, to transact insurance in this state.
History: Laws 1984, ch. 127, § 8.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Structure New Mexico Statutes
Section 59A-1-1 - Short title.
Section 59A-1-2 - Definitions.
Section 59A-1-3 - "Insurance Code".
Section 59A-1-5 - "Insurance".
Section 59A-1-7 - Insurance department.
Section 59A-1-8 - "Insurer"; "authorized insurer".
Section 59A-1-8.1 - Multiple employer welfare arrangement.
Section 59A-1-8.2 - Deliver or delivery; definition.
Section 59A-1-9 - "New Mexico".
Section 59A-1-10 - "Person"; "individual".
Section 59A-1-12 - Superintendent.
Section 59A-1-13 - "Transacting insurance".
Section 59A-1-14 - Compliance required.
Section 59A-1-16 - Exempted from code.
Section 59A-1-16.1 - Charitable gift annuities; exempt from regulation as insurance company.