All risk retention groups doing business in New Mexico and their agents and representatives shall comply with the provisions of Section 59A-16-20 NMSA 1978.
History: Laws 1988, ch. 125, ยง 7.
Structure New Mexico Statutes
Article 55 - Risk Retention and Purchasing Groups
Section 59A-55-1 - Short title.
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-55-23 - 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.