2013 New Mexico Statutes
Chapter 59A - Insurance Code
Article 6 - Fees and Taxes
Section 59A-6-6 - Preemption and in lieu provision. (1988)

The state government of New Mexico preempts the field of taxation of insurers, nonprofit health care plans, health maintenance organizations, prepaid dental plans, prearranged funeral plans and insurance agents and solicitors as such; and payment of the taxes, licenses and fees provided for in the Insurance Code shall be in lieu of all other taxes, licenses and fees of every kind now or hereafter imposed by this state or any political subdivision thereof on any of the foregoing specified entities, excepting the regular state, county and city taxes on property located in New Mexico excepting the income tax on agents and solicitors.  As used in this section, "agent" does not include insurance adjusters. No provision of law enacted after January 1, 1985 shall be deemed to modify this provision except by express reference to this section.