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Home » US Law » 2021 New Mexico Statutes » Chapter 59A - Insurance Code » Article 39 - Reciprocal Insurers » Section 59A-39-2 – Scope of chapter; existing insurers.

A. All authorized reciprocal insurers shall be governed by those sections of this article not expressly made applicable to domestic reciprocals.

B. After the effective date of the Insurance Code existing authorized reciprocal insurers shall comply with the provisions of this article, and shall make such amendments to their subscribers’ agreement, power of attorney, policies and other documents and accounts and perform such other acts as may be required for such compliance.

History: Laws 1984, ch. 127, § 659.

ANNOTATIONS

Compiler’s notes. — Laws 1984, ch. 127, § 999 made the Insurance Code effective January 1, 1985.