2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 41: Conservation, Rehabilitation and Liquidation, 59A-41-1 through 59A-41-57
Section 59A-41-14: "Reciprocal state" defined.
59A-41-14. "Reciprocal state" defined.
"Reciprocal state" means any state other than this state in which in substance and effect the provisions of the Uniform Insurers Liquidation Act [59A-41-17 to 59A-41-23 NMSA 1978] are in force, including provisions requiring that the commissioners, director, superintendent of insurance or the equivalent insurance supervisory officer be the receiver of a delinquent insurer; and in which effective provisions exist for avoidance of fraudulent conveyances and unlawful preferential transfer.
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