There is a newer version of the New Mexico Statutes
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-5-6: "Lloyds" insurer defined.
NM Stat § 59A-5-6 (1996 through 1st Sess 50th Legis) What's This?
59A-5-6. "Lloyds" insurer defined.
A "Lloyds" insurer is an unincorporated but formally associated group of separate persons ("underwriters" or "underwriting syndicates") by whom an insurance risk is assumed in whole or part by one or more of such persons.
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