New Mexico § 59A-55-18 Purchasing groups' exemption from certain laws

New Mexico Statutes

§ 59A-55-18 — Purchasing groups' exemption from certain laws

New Mexico § 59A-55-18

Ch. 59AInsurance Code

Art. 55Risk Retention and Purchasing Groups

This text of New Mexico § 59A-55-18 (Purchasing groups' exemption from certain laws) 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-55-18 (2026).

Text

A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt in regard to liability insurance for the purchasing group from any law that would: A. prohibit the establishment of a purchasing group; B. make it unlawful for an insurer to provide or offer to provide insurance on a basis providing to a purchasing group or its members advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages or other matters; C. prohibit a purchasing group or its members from purchasing insurance on a group basis described in Subsection B of this section; D. prohibit a purchasing group from obtaining insurance on a group basis

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A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt in regard to liability insurance for the purchasing group from any law that would: A. prohibit the establishment of a purchasing group; B. make it unlawful for an insurer to provide or offer to provide insurance on a basis providing to a purchasing group or its members advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages or other matters; C. prohibit a purchasing group or its members from purchasing insurance on a group basis described in Subsection B of this section; D. prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time; E. require that a purchasing group must have a minimum number of members, common ownership or affiliation or certain legal form; F. require that a certain percentage of a purchasing group must obtain insurance on a group basis; G. otherwise discriminate against a purchasing group or any of its members; or H. require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in New Mexico.