New Mexico Statutes
§ 59A-5-15 — Insuring power combinations
New Mexico § 59A-5-15
This text of New Mexico § 59A-5-15 (Insuring power combinations) 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-5-15 (2026).
Text
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.
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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Repealed§ 59A-1-5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"Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 59A-5-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/59A/59A-5-15.