2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 40 - Mexican Casualty Insurers
Section 59A-40-8 - Acceptance of laws; suspension, revocation, nonrenewal of license.
59A-40-8. Acceptance of laws; suspension, revocation, nonrenewal of license.
Prior to issuance of license under this article the insurer shall file with the superintendent a document in English as prescribed by the superintendent and executed by the insurer's appropriate officials expressly accepting the terms of this article and agreeing that the superintendent may at any time in his lawful discretion suspend, revoke or refuse to grant or continue the license of the insurer to do business in this state as in this article authorized, upon a determination by the superintendent that the insurer is insolvent or in dangerous financial condition, or that it has violated any law of this state or of its home jurisdiction.
History: Laws 1984, ch. 127, 691.
