For the purposes of this article and except as context requires otherwise, "security" means any note, stock, treasury stock, share, bond, debenture, evidence of indebtedness, surplus note, contribution certificate, certificate of deposit for a security, certificate of interest or participation, voting trust certificate, reorganization certificate, investment contract (whether or not included as a provision in an insurance policy), or other similar instrument of an insurer or other person for financing formation or operations or management or acquisition of an insurer or interest therein, whether stock, mutual, reciprocal, Lloyds plan or other type of insurer.
History: Laws 1984, ch. 127, ยง 592.
Structure New Mexico Statutes
Article 35 - Sale of Insurance Securities
Section 59A-35-1 - Short title.
Section 59A-35-2 - Scope of article.
Section 59A-35-3 - "Security" defined.
Section 59A-35-4 - "Affiliate" defined.
Section 59A-35-5 - "Promoter" defined.
Section 59A-35-6 - Registration of security; permit required.
Section 59A-35-7 - Exemptions.
Section 59A-35-8 - Registration procedure.
Section 59A-35-9 - Registration fee.
Section 59A-35-10 - Issuance, denial of permit.
Section 59A-35-11 - Terms of permit; compliance.
Section 59A-35-12 - Permit as inducement.
Section 59A-35-13 - Public announcements of offering.
Section 59A-35-14 - Modification, revocation of permit.
Section 59A-35-15 - Exclusive jurisdiction.
Section 59A-35-16 - Securities salespersons, license required.
Section 59A-35-17 - Qualifications, procedure for security salesperson license.