GroundRules
← Search the law
New Mexico · Through 2026-07-01

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

Read at publisher ↗
Where this section sits in the code
  1. Chapter 59A - Insurance Code
  2. ARTICLE 55 Risk Retention and Purchasing Groups

No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.

Collected 2026-09-03T15:02:20Z. Source file · JSON

Browse this collection