{"data":{"id":"us-nm/59a-21-2","jurisdiction":"us-nm","citation":"59A-21-2","heading":"Group contracts must meet requirements.","body":"A. No life insurance policy shall be delivered or issued for delivery in this state insuring the lives of more than one individual unless to a group defined in this article and otherwise in compliance with this article.\nB. Subsection A hereof does not apply to life insurance policies insuring only individuals:\n(1) related by blood, marriage or legal adoption; or\n(2) having a common interest through ownership of a business enterprise, or a substantial legal interest or equity therein, and who are actively engaged in management thereof; or\n(3) otherwise having an insurable interest in each other's lives.","path":["Chapter 59A - Insurance Code","ARTICLE 21 Group Life Insurance"],"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":"81424f54d9eaae031959b295a72f5e39c786215e487cc400e512590ba9983a47","source_id":"us-nm","stale":false,"prev":"us-nm/59a-21-1","next":"us-nm/59a-21-3"},"notice":"GroundRules: Original legal text. Not legal advice."}