2018 New Mexico Statutes
Chapter 59A - Insurance Code
Article 41 - Conservation, Rehabilitation and Liquidation
Section 59A-41-17 - Uniform Insurers Liquidation Act; composition, severability and interpretation.
A. Sections 695 [709] through 715 [59A-41-17 through 59A-41-23 NMSA 1978] of this article comprise and may be cited as the Uniform Insurers Liquidation Act.
B. If any provision of the Uniform Insurers Liquidation Act or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the act which can be given effect without the invalid provision or application, and to this end the provisions of the act are declared to be severable.
C. The Uniform Insurers Liquidation Act shall be so interpreted as to effectuate its general purpose to make uniform the laws of those states which enact it. To the extent that its provisions, when applicable, conflict with other provisions of the Insurance Code, the provisions of the Uniform Insurers Liquidation Act shall control.
History: Laws 1984, ch. 127, § 709.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. The reference in Subsection A to Section 695 is apparently erroneous. The intended reference is probably to Section 709, which appears as this section.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 93, 107.
Validity, construction, and application of uniform insurers liquidation act, 44 A.L.R.5th 683.
