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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 39 - Reciprocal Insurers
Section 59A-39-19 - Subscribers' liability on judgment.
Universal Citation: NM Stat § 59A-39-19 (2017)
59A-39-19. Subscribers' liability on judgment.
A. No action shall lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for thirty (30) days.
B. Any such judgment shall be binding upon each subscriber only in such proportion as his interests may appear and in an amount not exceeding his contingent liability, if any.
History: Laws 1984, ch. 127, 676.
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