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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 41 - Conservation, Rehabilitation and Liquidation
Section 59A-41-46 - Report for assessment; domestic mutual, reciprocal insurers.
Universal Citation: NM Stat § 59A-41-46 (2017)
59A-41-46. Report for assessment; domestic mutual, reciprocal insurers.
Within three (3) years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the superintendent may make a report to the court setting forth:
A. the reasonable value of the assets of the insurer;
B. the insurer's probable liabilities; and
C. the probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration.
History: Laws 1984, ch. 127, 738.
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