New Mexico Statutes
§ 59A-5-17 — Insuring powers without added basic capital
New Mexico § 59A-5-17
This text of New Mexico § 59A-5-17 (Insuring powers without added basic capital) 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-5-17 (2026).
Text
An insurer while authorized to transact property insurance may include in "homeowners" and similar package policies insuring property against loss, reasonable amounts of supplemental liability and medical benefits coverage without being authorized to transact casualty or health insurances; and such supplemental coverages shall not be deemed otherwise to be subject to provisions of the Insurance Code relating to casualty or health insurance contracts.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Laws 1984, ch. 127, § 84.
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Repealed§ 59A-1-5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-5-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/59A/59A-5-17.