There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 55 - Risk Retention and Purchasing Groups
Section 59A-55-9 - Examination regarding financial condition.
Universal Citation: NM Stat § 59A-55-9 (2017)
59A-55-9. Examination regarding financial condition.
Each risk retention group shall submit to an examination by the superintendent to determine its financial condition if the superintendent of the jurisdiction in which the group is chartered and licensed has not initiated an examination or does not initiate an examination within sixty days after a request by the New Mexico superintendent. Any such examination shall be coordinated to avoid unjustified repetition and conducted in an expeditious manner and in accordance with the national association of insurance commissioner's handbook. All such examinations shall be paid for by the risk retention group pursuant to Section 59A-4-14 NMSA 1978.
History: Laws 1988, ch. 125, 9.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
