There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 39: Reciprocal Insurers, 59A-39-1 through 59A-39-26
Section 59A-39-7: Certificate of authority.
NM Stat § 59A-39-7 (1996 through 1st Sess 50th Legis) What's This?
59A-39-7. Certificate of authority.
A. The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer.
B. The superintendent may refuse, suspend or revoke the certificate of authority, in addition to other grounds therefor, for failure of the attorney to comply with any applicable provision of the Insurance Code.
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