New Mexico Statutes
§ 59A-5-15 — Insuring power combinations
An insurer which otherwise qualifies therefor shall be authorized to transact any one kind or combination of kinds of insurance as defined in Sections 107 through 115 [59A- 7-1 to 59A-7-9 NMSA 1978] (kinds of insurance) of the Insurance Code, except: A. a life insurer may grant annuities and may be authorized to transact in addition only health insurance; B. a reciprocal insurer or Lloyds insurer shall not transact life insurance; and C. a title insurer shall be a stock or mutual corporation, and shall not transact any additional kind of insurance.
Free access — add to your briefcase to read the full text and ask questions with AI
New Mexico § 59A-5-15 (Insuring power combinations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1984, ch. 127, § 82.
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Repealed§ 59A-1-5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"