2006 New Mexico Statutes - Section 59A-1-13 — "Transacting insurance".

59A-1-13. "Transacting insurance".

In addition to other aspects of insurance operations to which the Insurance Code by its terms applies, "transacting insurance" with respect to an insurance contract or a business of insurance includes any of the following, by mail or otherwise or whether or not for profit:   

A.     solicitation or inducement;   

B.     negotiation;   

C.     effectuation of an insurance contract;   

D.     transaction of matters subsequent to effectuation and arising out of such a contract;   

E.     maintenance in this state of an office or personnel performing any function in furtherance of an insurer's business of insurance; or   

F.     maintenance by an insurer of assets in trust in this state for the benefit, security or protection of its policyholders or its policyholders and creditors.