2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 5: Authorization of Insurers and General Requirements, 59A-5-1 through 59A-5-33
Section 59A-5-15: Insuring power combinations.
59A-5-15. Insuring power combinations.
An insurer which otherwise qualifies therefor shall be authorized to transact any one kind or combination of kinds of insurance as defined in Sections 107 through 115 [59A-7-1 to 59A-7-9 NMSA 1978] (kinds of insurance) of the Insurance Code, except:
A. a life insurer may grant annuities and may be authorized to transact in addition only health insurance;
B. a reciprocal insurer or Lloyds insurer shall not transact life insurance; and
C. a title insurer shall be a stock or mutual corporation, and shall not transact any additional kind of insurance.
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