New Mexico § 59A-47-9 Issuance and denial of initial certificate of authority

New Mexico Statutes

§ 59A-47-9 — Issuance and denial of initial certificate of authority

New Mexico § 59A-47-9

Ch. 59AInsurance Code

Art. 47Nonprofit Health Care Plans

This text of New Mexico § 59A-47-9 (Issuance and denial of initial certificate of authority) 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-47-9 (2026).

Text

A.If after such investigation as he deems advisable the superintendent finds that the applicant is in sound financial condition and is otherwise qualified therefor, he shall issue to the applicant a certificate of authority as a health care plan.

B.If the superintendent does not so find, he shall deny issuance of the certificate of authority and notify the applicant thereof in writing stating the reasons for such denial.

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A. If after such investigation as he deems advisable the superintendent finds that the applicant is in sound financial condition and is otherwise qualified therefor, he shall issue to the applicant a certificate of authority as a health care plan. B. If the superintendent does not so find, he shall deny issuance of the certificate of authority and notify the applicant thereof in writing stating the reasons for such denial.