2006 New Mexico Statutes - Section 59A-14-2 — Definitions.

59A-14-2. Definitions.

As used in Chapter 59A, Article 14 NMSA 1978:   

A.     "eligible surplus lines insurer" means a qualified unauthorized foreign insurer, approved and listed pursuant to Section 59A-14-4 NMSA 1978, with which a surplus lines broker may place surplus lines insurance;   

B.     "export" means to place insurance with an unauthorized insurer;   

C.     "producing broker" means the broker or agent dealing directly with the person seeking insurance;   

D.     "surplus lines broker" means an individual, firm or corporation licensed under Chapter 59A, Article 14 NMSA 1978 to place insurance with eligible surplus lines insurers;   

E.     "surplus lines insurance" means any insurance permitted to be exported through a surplus lines broker; and   

F.     "type of insurance" means one of the types of insurance required to be reported in the annual statement that must be filed with the superintendent by authorized insurers.