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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 35 - Sale of Insurance Securities
Section 59A-35-5 - "Promoter" defined.
Universal Citation: NM Stat § 59A-35-5 (2017)
59A-35-5. "Promoter" defined.
For the purposes of this article a "promoter" is any person who, acting alone or with others, initiates or participates in founding an insurer or organization to acquire financial interest in or to finance, manage or control an insurer, other than as policyholder.
History: Laws 1984, ch. 127, 594.
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