2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 41: Conservation, Rehabilitation and Liquidation, 59A-41-1 through 59A-41-57
Section 59A-41-33: Grounds for dissolution of domestic insurer.
59A-41-33. Grounds for dissolution of domestic insurer.
The superintendent may apply under this article for an order dissolving the corporate existence of a domestic insurer:
A. upon his application for an order for liquidation, or at any time after such order has been granted; or
B. upon the grounds specified in Section 720 [59A-41-28 NMSA 1978] of this article whether or not an order of liquidation is sought or has been obtained.
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