There shall be no civil liability on the part of, and no civil cause of action shall arise against the superintendent, the insurance department or its employees or agents for any action taken by them in the performance of their powers and duties under the Risk-Based Capital Act.
History: 1978 Comp., § 59A-5A-12, enacted by Laws 1995, ch. 149, § 12.
Structure New Mexico Statutes
Article 5A - Risk-Based Capital
Section 59A-5A-1 - Short title.
Section 59A-5A-2 - Definitions.
Section 59A-5A-3 - Risk-based capital reports.
Section 59A-5A-4 - Company action level event.
Section 59A-5A-5 - Regulatory action level event.
Section 59A-5A-6 - Authorized control level event.
Section 59A-5A-7 - Mandatory control level event.
Section 59A-5A-8 - Challenge hearings.
Section 59A-5A-9 - Confidentiality; prohibition on announcements; prohibition on use in ratemaking.
Section 59A-5A-10 - Supplemental provisions; rules; exemption.