There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 39 Reciprocal Insurers
Section 59A-39-1 "Reciprocal" insurance defined.
NM Stat § 59A-39-1 (2015) What's This?
59A-39-1. "Reciprocal" insurance defined.
As used in the Insurance Code, "reciprocal" insurance is that resulting from an interchange among persons, known as "subscribers," of reciprocal agreements of indemnity, the interchange being effectuated through an attorney-in-fact common to all such persons.
History: Laws 1984, ch. 127, 658.
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