2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 10: Administration of Deposits; Trusteed Assets of Alien Insurer, 59A-10-1 through 59A-10-19
Section 59A-10-8: Replenishment of deposit.
59A-10-8. Replenishment of deposit.
If for any reason the market value of assets of the insurer held on deposit in this state falls below the amount required under the Insurance Code, the insurer shall promptly deposit other or additional eligible assets sufficient to cure the deficiency. If the insurer fails to cure the deficiency within a reasonable time after receipt of notice thereof from the superintendent, the superintendent shall revoke the insurer's certificate of authority.
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