A. The superintendent whenever deemed necessary may examine the records and accounts of any surplus line broker for determining whether the surplus line broker is conducting business in accordance with the requirements of this article.
B. The superintendent shall conduct the examination, and the surplus line broker shall pay the cost thereof, as provided in the applicable provisions of Article 4 [Chapter 59A, Article 4 NMSA 1978] (examinations, hearings and appeals) of the Insurance Code.
History: Laws 1984, ch. 127, ยง 251.
Structure New Mexico Statutes
Article 14 - Surplus Line Insurance
Section 59A-14-1 - Scope of article; purpose; necessity for regulation.
Section 59A-14-2 - Definitions.
Section 59A-14-3 - Placement of surplus lines insurance.
Section 59A-14-4 - Eligible surplus lines insurers required.
Section 59A-14-4.1 - Withdrawal of eligibility from a surplus lines insurer.
Section 59A-14-5 - Signature and special endorsement of surplus lines policy.
Section 59A-14-6 - Surplus line insurance valid.
Section 59A-14-7 - Surplus lines broker license required; qualifications for license.
Section 59A-14-10 - Office and records.
Section 59A-14-11 - Duty to file reports and affidavits.
Section 59A-14-13 - Examination of surplus line broker.
Section 59A-14-14 - Evidence of insurance; policy changes; penalties.
Section 59A-14-15 - Liability of insurer.
Section 59A-14-16 - Legal process against surplus line insurer; venue.
Section 59A-14-17 - Certain other provisions applicable.
Section 59A-14-19 - National database; participation required.