There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 35: Sale of Insurance Securities, 59A-35-1 through 59A-35-18
Section 59A-35-5: "Promoter" defined.
NM Stat § 59A-35-5 (1996 through 1st Sess 50th Legis) What's This?
59A-35-5. "Promoter" defined.
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.
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