{"data":{"id":"us-nm/59a-12d-6","jurisdiction":"us-nm","citation":"59A-12D-6","heading":"Duties of insurers utilizing the services of a reinsurance intermediary-broker.","body":"A. An insurer shall not engage the services of any person, firm, association or corporation to act as a reinsurance intermediary-broker on its behalf unless such person is licensed as required by Subsection A of Section 59A-12D-3 NMSA 1978.\nB. An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless such reinsurance intermediary-broker is under common control with the insurer and subject to The Insurance Holding Company Law [Chapter 59A, Article 37 NMSA 1978].\nC. The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.","path":["Chapter 59A - Insurance Code","ARTICLE 12D Reinsurance Intermediaries"],"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":"a7d0d660506d95efa3f4407b8290a586df4693b69c92fed82dae8f83077e659a","source_id":"us-nm","stale":false,"prev":"us-nm/59a-12d-5","next":"us-nm/59a-12d-7"},"notice":"GroundRules: Original legal text. Not legal advice."}