There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 9: Investments, 59A-9-1 through 59A-9-27
Section 59A-9-17: Savings and share accounts, time certificates.
NM Stat § 59A-9-17 (1996 through 1st Sess 50th Legis) What's This?
59A-9-17. Savings and share accounts, time certificates.
An insurer may invest in share or savings accounts of state or federal savings and loan or building and loan associations, or in time certificates issued by any such association, and in any one such institution only to the extent that the investment is insured by the Federal Savings and Loan Insurance Corporation or similar federal agency.
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