{"data":{"id":"us-nm/59a-45-9","jurisdiction":"us-nm","citation":"59A-45-9","heading":"Assignee subject to defenses.","body":"An assignee of the rights of a creditor under an insurance premium finance agreement, for the purchase of insurance primarily for personal, family or household purposes, is a holder within the meaning of the Uniform Commercial Code (55-1-101 to 55-9-507 NMSA 1978) and is subject to all defenses of the insured notwithstanding that there is an agreement to the contrary.","path":["Chapter 59A - Insurance Code","ARTICLE 45 Premium Financing"],"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":"9b84c16d221836c9ab9e5626446019fccc1acfef2066fdc2bbb45d2e6a9fea69","source_id":"us-nm","stale":false,"prev":"us-nm/59a-45-8","next":"us-nm/59a-45-10"},"notice":"GroundRules: Original legal text. Not legal advice."}