There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 55 Risk Retention and Purchasing Groups
Section 59A-55-12 Prohibition on ownership by an insurance company.
NM Stat § 59A-55-12 (2015) What's This?
59A-55-12. Prohibition on ownership by an insurance company.
No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.
History: Laws 1988, ch. 125, 12.
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