The association is subject to examination and regulation by the superintendent. The board of directors shall submit, not later than June 30 each year, a financial report for the preceding calendar year in a form approved by the superintendent.
History: Laws 1984, ch. 127, ยง 779.
Structure New Mexico Statutes
Article 43 - Property and Casualty Insurance Guaranty Fund
Section 59A-43-1 - Short title.
Section 59A-43-4 - Definitions.
Section 59A-43-5 - Organization of association.
Section 59A-43-6 - Board of directors.
Section 59A-43-7 - Powers and duties of the association.
Section 59A-43-8 - Plan of operation.
Section 59A-43-9 - Duties and powers of superintendent.
Section 59A-43-10 - Effect of paid claims.
Section 59A-43-11 - Nonduplication of recovery.
Section 59A-43-12 - Prevention of insolvencies.
Section 59A-43-13 - Examination of association; financial reports.
Section 59A-43-15 - Recognition of assessment in rates.
Section 59A-43-17 - Stay of proceedings; reopening of default judgments.