All statements, amendments or other material filed pursuant to Section 619 or 620 [59A-37-4 or 59A-37-5 NMSA 1978] of this article, and all notices of public hearings held pursuant to Section 621 [59A-37-6 NMSA 1978] of this article shall be mailed by the insurer to its shareholders within five (5) days after the insurer has received such statements, amendments, other material or notices. The expenses of mailing shall be borne by the person making the filing. As security for the payment of the expenses, the person shall file with the superintendent an acceptable bond or other deposit in an amount to be determined by the superintendent.
History: Laws 1984, ch. 127, ยง 622.
Structure New Mexico Statutes
Article 37 - Insurance Holding Companies
Section 59A-37-1 - Short title.
Section 59A-37-2 - Definitions.
Section 59A-37-3 - Subsidiaries of insurers.
Section 59A-37-4 - Acquisition of control of or merger with domestic insurer.
Section 59A-37-5 - Contents of statement.
Section 59A-37-6 - Approval by superintendent; review.
Section 59A-37-7 - Mailings to shareholders; expenses.
Section 59A-37-8 - Exemptions.
Section 59A-37-9 - Violations.
Section 59A-37-10 - Jurisdiction; consent to service of process.
Section 59A-37-11 - Registration of insurer member of holding company system.
Section 59A-37-12 - Registration; information; form.
Section 59A-37-13 - Materiality.
Section 59A-37-14 - Summary of registration.
Section 59A-37-15 - Termination of registration.
Section 59A-37-16 - Consolidated filing.
Section 59A-37-17 - Alternative registration.
Section 59A-37-18 - Registration exemptions.
Section 59A-37-19 - Disclaimer.
Section 59A-37-19.1 - Reporting of dividends to shareholders.
Section 59A-37-19.2 - Information of insurers.
Section 59A-37-20 - Transactions with affiliates.
Section 59A-37-21 - Adequacy of surplus.
Section 59A-37-22 - Dividends and other distributions.
Section 59A-37-23 - Examinations.
Section 59A-37-24 - Confidential treatment.
Section 59A-37-25 - Enforcement; voting securities; civil proceedings.
Section 59A-37-26 - Enforcement, criminal proceedings; penalty.
Section 59A-37-27 - Receivership; recovery of distributions.
Section 59A-37-28 - Suspension, revocation, noncontinuance of certificate of authority.
Section 59A-37-29 - Acquisitions that would lessen competition.
Section 59A-37-30 - Enterprise risk filing.
Section 59A-37-31 - Management of domestic insurers subject to registration.