There is a newer version of the New Mexico Statutes
2016 New Mexico Statutes
Chapter 59A - Insurance Code
Article 20 - Life Insurance and Annuity Contracts
Section 59A-20-22 - Annuities, dividends.
NM Stat § 59A-20-22 (2016) What's This?
59A-20-22. Annuities, dividends.
If an annuity or pure endowment contract, other than a reversionary, survivorship or group annuity, is participating, there shall be a provision that the insurer shall annually ascertain and apportion any divisible surplus accruing on the contract.
History: Laws 1984, ch. 127, 387.
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