New Mexico Statutes
Article 55 - Risk Retention and Purchasing Groups
Section 59A-55-22 - Administrative and procedural authority regarding risk retention groups and purchasing groups.

The superintendent is authorized to make use of any of the powers established under the New Mexico Insurance Code to enforce the laws of New Mexico not specifically preempted by the Risk Retention Act of 1986 including the superintendent's administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders, impose penalties and seek injunctive relief. With regard to any investigation, administrative proceedings or litigation, the procedural laws of New Mexico shall apply. The injunctive authority of the superintendent, in regard to risk retention groups, is restricted by the requirement that any injunction be issued by a court of competent jurisdiction.
History: Laws 1988, ch. 125, § 22.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
Compiler's notes. — The reference to the Risk Retention Act of 1986 should be either to the Risk Retention Amendments of 1986, which appear as 15 U.S.C. §§ 3901 to 3903, 3905, 3906 and 42 U.S.C. §§ 9671 to 9675, or to the Liability Risk Retention Act of 1986, which appears as 15 U.S.C. §§ 3901 to 3903.

Structure New Mexico Statutes

New Mexico Statutes

Chapter 59A - Insurance Code

Article 55 - Risk Retention and Purchasing Groups

Section 59A-55-1 - Short title.

Section 59A-55-2 - Purpose.

Section 59A-55-3 - Definitions.

Section 59A-55-4 - Risk retention groups authorized in New Mexico.

Section 59A-55-5 - Risk retention groups not having a New Mexico certificate of authority.

Section 59A-55-6 - Risk retention groups; reports.

Section 59A-55-7 - Compliance with unfair claims settlement practices.

Section 59A-55-8 - Deceptive, false or fraudulent practices.

Section 59A-55-9 - Examination regarding financial condition.

Section 59A-55-10 - Notice to purchasers.

Section 59A-55-11 - Prohibited acts regarding solicitation or sale.

Section 59A-55-12 - Prohibition on ownership by an insurance company.

Section 59A-55-13 - Prohibited coverage.

Section 59A-55-14 - Delinquency proceedings.

Section 59A-55-15 - Penalties.

Section 59A-55-16 - Operation prior to enactment of act.

Section 59A-55-17 - Compulsory associations.

Section 59A-55-18 - Purchasing groups' exemption from certain laws.

Section 59A-55-19 - Notice and registration requirements of purchasing groups.

Section 59A-55-20 - Restrictions on insurance purchased by purchasing groups.

Section 59A-55-21 - Repealed.

Section 59A-55-22 - Administrative and procedural authority regarding risk retention groups and purchasing groups.

Section 59A-55-23 - Penalties.

Section 59A-55-24 - Duty of insurance producers to obtain license.

Section 59A-55-25 - Binding effect of orders issued in United States district court.

Section 59A-55-26 - Rules and regulations.