An insurer may deposit and maintain on deposit with the state treasurer through the superintendent, funds and securities eligible for deposit under this article in amount not over one hundred thousand dollars ($100,000) in excess of its required general deposit or special deposit, as the case may be, for purpose of absorbing fluctuations in value of assets held on deposit, and to facilitate exchange and substitution of such assets.
History: Laws 1984, ch. 127, ยง 166.
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.