{"data":{"id":"us-nm/59a-55-12","jurisdiction":"us-nm","citation":"59A-55-12","heading":"Prohibition on ownership by an insurance company.","body":"No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.","path":["Chapter 59A - Insurance Code","ARTICLE 55 Risk Retention and Purchasing Groups"],"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":"87e0b1122e8eedd41214d1cae8d925e210105de12ef1d1b9262e69fc4f7f2ce6","source_id":"us-nm","stale":false,"prev":"us-nm/59a-55-11","next":"us-nm/59a-55-13"},"notice":"GroundRules: Original legal text. Not legal advice."}