New Mexico § 59A-38-2 Approval of policies; attorney-in-fact

New Mexico Statutes

§ 59A-38-2 — Approval of policies; attorney-in-fact

New Mexico § 59A-38-2

Ch. 59AInsurance Code

Art. 38Lloyds Plan Automobile Insurance

This text of New Mexico § 59A-38-2 (Approval of policies; attorney-in-fact) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 59A-38-2 (2026).

Text

All forms of policies proposed to be issued shall, before the issuance thereof, be approved by the superintendent. Such policies may be executed by an attorney-in-fact, which attorney-in-fact may be an individual, partnership or corporation, authorized by and acting for such underwriters under power of attorney. The principal office of the attorney-in-fact shall be located in New Mexico at such place as shall be designated by the underwriters in their articles of agreement.

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All forms of policies proposed to be issued shall, before the issuance thereof, be approved by the superintendent. Such policies may be executed by an attorney-in-fact, which attorney-in-fact may be an individual, partnership or corporation, authorized by and acting for such underwriters under power of attorney. The principal office of the attorney-in-fact shall be located in New Mexico at such place as shall be designated by the underwriters in their articles of agreement.