New Mexico § 59A-41-26 Hazardous financial condition; failure of insurer to

New Mexico Statutes

§ 59A-41-26 — Hazardous financial condition; failure of insurer to

New Mexico § 59A-41-26

Ch. 59AInsurance Code

Art. 41Conservation, Rehabilitation and Liquidation

This text of New Mexico § 59A-41-26 (Hazardous financial condition; failure of insurer to) 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-41-26 (2026).

Text

comply with requirements. If an insurer found by the superintendent to be in hazardous financial condition and subjected to certain requirements by the superintendent pursuant to Section 717 [59A- 41-25 NMSA 1978] of this article fails to comply with any such requirement, the superintendent may suspend, revoke, or refuse to continue the insurer's certificate of authority, and take such further lawful action as he may deem advisable, including, but not limited to, commencement of delinquency proceedings against the insurer.

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comply with requirements. If an insurer found by the superintendent to be in hazardous financial condition and subjected to certain requirements by the superintendent pursuant to Section 717 [59A- 41-25 NMSA 1978] of this article fails to comply with any such requirement, the superintendent may suspend, revoke, or refuse to continue the insurer's certificate of authority, and take such further lawful action as he may deem advisable, including, but not limited to, commencement of delinquency proceedings against the insurer.