There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 55: Risk Retention and Purchasing Groups, 59A-55-1 through 59A-55-26
Section 59A-55-2: Purpose.
NM Stat § 59A-55-2 (1996 through 1st Sess 50th Legis) What's This?
59A-55-2. Purpose.
The purpose of the Risk Retention and Purchasing Group Act [59A-55-1 to 59A-55-26 NMSA 1978] is to regulate the formation and operation of risk retention groups and purchasing groups in New Mexico formed pursuant to the provisions of the federal Liability Risk Retention Act of 1986 to the extent permitted by that act.
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