A. It is intended that certain insurance coverages may come within more than one “kind” of insurance as defined in Chapter 59A, Article 7 NMSA 1978, and inclusion of such coverage within one definition shall not exclude it as to any other kind of insurance within the definition of which the coverage is likewise reasonably […]
A. No insurer shall, other than as stated in this section, retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding ten percent of its surplus to policyholders. B. No domestic Lloyds plan insurer shall retain any risk on any one […]
A. An insurer may reinsure all or any part of a particular risk or of a particular class of risks in another insurer, or accept such reinsurance from another insurer. No domestic insurer shall so reinsure with an insurer not authorized to transact insurance in New Mexico unless the unauthorized insurer is authorized to transact […]
Life and annuity includes: A. fixed annuity; B. immediate annuity; C. deferred annuity; D. equity-indexed annuity; E. endowment; F. term life; G. universal life; H. whole life; I. credit life; and J. similar products relating to life and annuity matters. History: Laws 1984, ch. 127, § 108; 1995, ch. 149, § 14; 1978 Comp., § […]
A. Accident and health includes: (1) accident; (2) accidental death and dismemberment; (3) blanket accident and sickness; (4) credit disability; (5) critical illness; (6) dental; (7) disability income; (8) home health care; (9) hospital indemnity; (10) long-term care; (11) major medical; (12) medical expense; (13) medicare supplement; (14) prescription drug; (15) sickness; (16) specified disease; […]
Property includes: A. aircraft cargo; B. aircraft hull; C. auto commercial physical damage; D. baggage; E. builders risk; F. business owners; G. cargo; H. commercial inland marine; I. commercial multi-peril; J. commercial property; K. crop; L. crop hail; M. difference in conditions; N. dwelling; O. earthquake; P. event cancellation; Q. extended coverages; R. farm and […]
History: Laws 1984, ch. 127, § 111; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONS Repeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-5 NMSA 1978, as enacted by Laws 1984, ch. 127, § 111, relating to marine and transportation, wet marine insurance defined, effective July 1, 2017. For provisions of former section, […]
A. Casualty includes: (1) aircraft liability; (2) auto commercial liability; (3) auto private passenger liability; (4) auto warranty contract; (5) boiler and machinery; (6) burglary and theft; (7) collateral protection; (8) commercial excess/umbrella liability; (9) commercial general liability; (10) congenital defects; (11) contractual liability; (12) credit; (13) credit property; (14) creditor-placed dual/single interest; (15) crime; […]
Variable life and annuity includes: A. variable deferred annuity; B. variable immediate annuity; C. variable life; and D. similar products relating to variable life and annuity matters. History: Laws 1984, ch. 127, § 113; 1978 Comp., § 59A-7-7, repealed and reenacted by Laws 2016, ch. 89, § 9. ANNOTATIONS Cross references. — For the Insurance […]
History: Laws 1984, ch. 127, § 114; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONS Repeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-8 NMSA 1978, as enacted by Laws 1984, ch. 127, § 114, relating to surety insurance defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA […]
History: Laws 1984, ch. 127, § 115; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONS Repeals. — Laws 2016, ch. 89, § 70 repealed 59A-7-9 NMSA 1978, as enacted by Laws 1984, ch. 127, § 115, relating to title insurance defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA […]
