There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 12A: Insurance Administrators, 59A-12A-1 through 59A-12A-17
Section 59A-12A-10: Payment of claims.
NM Stat § 59A-12A-10 (1996 through 1st Sess 50th Legis) What's This?
59A-12A-10. Payment of claims.
All claims paid by the administrator from funds collected on behalf of the insurer shall be paid only on drafts of and as authorized by such insurer.
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