2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 30A: Title Insurance Guaranty, 59A-30A-1 through 59A-30A-18
Section 59A-30A-5: Organization of association.
59A-30A-5. Organization of association.
All member insurers shall remain members of the association as a condition of their authority to transact insurance in this state. The association may take the form of any appropriate legal entity under New Mexico law, including a corporation, partnership or unincorporated association, as approved by the superintendent. For purposes of administration and assessment, the association shall have two separate accounts:
A. the administrative account; and
B. the title guaranty account.
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