{"data":{"id":"us-nm/59a-35-5","jurisdiction":"us-nm","citation":"59A-35-5","heading":"\"Promoter\" defined.","body":"For the purposes of this article a \"promoter\" is any person who, acting alone or with others, initiates or participates in founding an insurer or organization to acquire financial interest in or to finance, manage or control an insurer, other than as policyholder.","path":["Chapter 59A - Insurance Code","ARTICLE 35 Sale of Insurance Securities"],"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":"4c697a12197e29a06ef93acb510b9775fd033153e7be701df31c3701cb3460b6","source_id":"us-nm","stale":false,"prev":"us-nm/59a-35-4","next":"us-nm/59a-35-6"},"notice":"GroundRules: Original legal text. Not legal advice."}