2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 55: Risk Retention and Purchasing Groups, 59A-55-1 through 59A-55-26
Section 59A-55-14: Delinquency proceedings.
59A-55-14. Delinquency proceedings.
A risk retention group not having a New Mexico certificate of authority that is doing business in New Mexico shall comply with a lawful order issued in a voluntary dissolution proceeding or in a delinquency proceeding commenced by a state superintendent if there has been a finding of financial impairment after an examination under Section 9 [59A-55-9 NMSA 1978] of the Risk Retention and Purchasing Group Act.
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