GroundRules
59A-5-15: Insuring power combinations.
Where this section sits in the code
- Chapter 59A - Insurance Code
- ARTICLE 5 Authorization of Insurers and General Requirements
An insurer which otherwise qualifies therefor shall be authorized to transact any one kind or combination of kinds of insurance as defined in Sections 107 through 115 [59A-7-1 to 59A-7-9 NMSA 1978] (kinds of insurance) of the Insurance Code, except:
A. a life insurer may grant annuities and may be authorized to transact in addition only health insurance;
B. a reciprocal insurer or Lloyds insurer shall not transact life insurance; and
C. a title insurer shall be a stock or mutual corporation, and shall not transact any additional kind of insurance.
Collected 2026-09-03T15:02:20Z. Source file · JSON