In addition to provisions generally applicable, the following provisions of the Insurance Code shall also apply as to surplus line brokers:
A. Section 210 [209] [59A-12-8 NMSA 1978[repealed]] (controlled business);
B. Section 218 [59A-12-17 NMSA 1978] (scope of license); and
C. Section 223 [59A-12-22 NMSA 1978] (fiduciary funds).
History: Laws 1984, ch. 127, § 255.
Bracketed material. — The bracketed material was inserted by the compiler and it is not part of the law. The reference to § 210 of the Insurance Code is apparently incorrect. The section dealing with controlled business is § 209 compiled as 59A-12-8 NMSA 1978. Section 210, compiled as 59A-12-9 NMSA 1978, provides a limitation on the construction of § 209.
Laws 2016, ch. 89, § 70 repealed 59A-12-8 NMSA 1978, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
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.