2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 2 - Office of Superintendent of Insurance
Section 59A-2-3 - Superintendent; qualifications and bond.
59A-2-3. Superintendent; qualifications and bond.
The superintendent shall:
A. be a resident of New Mexico at the time of appointment;
B. be bonded as provided in the Surety Bond Act [10-2-13 through 10-2-16 NMSA 1978];
C. not have a direct financial interest in an insurer, insurance agency or insurance transaction except as a policyholder or a claimant under a policy or as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; and
D. not have a spouse who:
(1) has a direct financial interest in an insurer or insurance agency regulated by the office of superintendent of insurance, except as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; or
(2) is licensed as an individual by the office of superintendent of insurance.
History: Laws 1984, ch. 127, 21; 2013, ch. 74, 11; 2015, ch. 11, 5.
