2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 1 - Insurance Code
Section 59A-1-13 - "Transacting insurance".
59A-1-13. "Transacting insurance".
In addition to other aspects of insurance operations to which the Insurance Code by its terms applies, "transacting insurance" with respect to an insurance contract or a business of insurance includes any of the following, by mail or otherwise or whether or not for profit:
A. solicitation or inducement;
B. negotiation;
C. effectuation of an insurance contract;
D. transaction of matters subsequent to effectuation and arising out of such a contract;
E. maintenance in this state of an office or personnel performing any function in furtherance of an insurer's business of insurance; or
F. maintenance by an insurer of assets in trust in this state for the benefit, security or protection of its policyholders or its policyholders and creditors.
History: Laws 1984, ch. 127, 13; 1991, ch. 125, 1.