{"data":{"id":"us-nm/59a-10-11","jurisdiction":"us-nm","citation":"59A-10-11","heading":"Trusteed assets of alien insurer.","body":"A. An alien insurer may use New Mexico as a state of entry to transact insurance in the United States by making and maintaining in this state a deposit of assets in trust with a bank or trust company domiciled in this state and designated or approved by the state treasurer and the superintendent and by obtaining a certificate of authority to transact the business of insurance in this state in accordance with Chapter 59A, Article 5 NMSA 1978.\nB. The deposit shall be in an amount not less than as required of an alien insurer under Section 59A-5-20 NMSA 1978 and shall consist of assets eligible for deposit under Subsection B of Section 59A-10-3 NMSA 1978.\nC. Such a deposit may be referred to as \"trusteed assets\".","path":["Chapter 59A - Insurance Code","ARTICLE 10 Administration of Deposits; Trusteed Assets of Alien Insurer"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"358ee3a542db98bef1141b9ba767a40529c5693d566389e81c4b840cacf5ddd6","source_id":"us-nm","stale":false,"prev":"us-nm/59a-10-10","next":"us-nm/59a-10-12"},"notice":"GroundRules: Original legal text. Not legal advice."}