New Mexico Statutes
§ 59A-29-3 — Participation
Each insurer authorized to write and writing essential property insurance in New Mexico shall be required to become and remain a member of the FAIR plan and the underwriting association and comply with the requirements thereof as a condition of its authority to transact property insurance business. As a prerequisite to such authority to transact property insurance business each insurer shall automatically subscribe to the articles of agreement on file in the superintendent's office.
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New Mexico § 59A-29-3 (Participation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1978 Comp., § 59A-29-3, enacted by Laws 1985, ch. 61, § 3.
Nearby Sections
15
§ 59A-1-1
Short title§ 59A-1-10
"Person"; "individual"§ 59A-1-11
"State"§ 59A-1-12
Superintendent§ 59A-1-13
"Transacting insurance"§ 59A-1-14
Compliance required§ 59A-1-16
Exempted from code§ 59A-1-17
Particular provisions prevail§ 59A-1-18
General penalty§ 59A-1-2
Definitions§ 59A-1-3
"Insurance Code"§ 59A-1-4
Repealed§ 59A-1-5
"Insurance"