GroundRules
59A-39-11: Deposit in lieu of bond.
Where this section sits in the code
- Chapter 59A - Insurance Code
- ARTICLE 39 Reciprocal Insurers
In lieu of the bond required under Section 667 [59A-39-10 NMSA 1978] of this article, the attorney may maintain on deposit through the superintendent, a like amount in cash or in market value of United States government bonds, subject to the same conditions as the bond.
Collected 2026-09-03T15:02:20Z. Source file · JSON