{"data":{"id":"us-nm/59a-41-10","jurisdiction":"us-nm","citation":"59A-41-10","heading":"\"Impairment\" defined.","body":"\"Impairment\" exists as to:\nA. a stock, mutual, reciprocal, or foreign Lloyds insurer, when its basic capital is less than that required to be maintained by it under Section 83 [59A-5-16 NMSA 1978] of the Insurance Code;\nB. a domestic Lloyds insurer, when its surplus is less than as required under Section 83 or Article 38 [Chapter 59A, Article 38 NMSA 1978] of the Insurance Code;\nC. a nonprofit health care plan, when its assets are in amount less than the sum of its required trust deposit, required reserves and other liabilities;\nD. a prepaid dental care plan, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities;\nE. a motor club, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities; and\nF. any other corporation, when its assets are in amount less than the sum of its surplus required, if any, to be maintained, its paid-in capital stock, if any, and its other liabilities.","path":["Chapter 59A - Insurance Code","ARTICLE 41 Conservation, Rehabilitation and Liquidation"],"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":"d0eab8d2b5c3b8ee774fcb336e34bb0b7c7c52cf028973e706522d69db6543fc","source_id":"us-nm","stale":false,"prev":"us-nm/59a-41-9","next":"us-nm/59a-41-11"},"notice":"GroundRules: Original legal text. Not legal advice."}