For the purposes of this article a "promoter" is any person who, acting alone or with others, initiates or participates in founding an insurer or organization to acquire financial interest in or to finance, manage or control an insurer, other than as policyholder.
History: Laws 1984, ch. 127, ยง 594.
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.