Sections 171 through 179 [59A-10-11 to 59A-10-19 NMSA 1978] of this article applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice-president, secretary, treasurer or other comparable officer of the insurer duly authorized by the insurer's board of directors or other similar governing body to act in behalf of the insurer as to the insurer's trusteed assets hereunder.
History: Laws 1984, ch. 127, ยง 178.
Structure New Mexico Statutes
Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer
Section 59A-10-1 - Authorized deposits.
Section 59A-10-2 - Purpose of deposit.
Section 59A-10-3 - Securities eligible for deposit.
Section 59A-10-4 - State treasurer as depository.
Section 59A-10-5 - Depositories designated by treasurer.
Section 59A-10-6 - Excess deposits.
Section 59A-10-7 - Insurer's rights during solvency.
Section 59A-10-8 - Replenishment of deposit.
Section 59A-10-9 - Release of deposit.
Section 59A-10-10 - Special deposit bond in lieu, requirement of new bond.
Section 59A-10-11 - Trusteed assets of alien insurer.
Section 59A-10-12 - Purpose and duration.
Section 59A-10-13 - Trust agreement.
Section 59A-10-14 - Title; separation; accounting.
Section 59A-10-15 - Examination of assets.
Section 59A-10-16 - Withdrawal of assets.
Section 59A-10-17 - Substitution of trustee.