New Mexico § 59A-55-6 Risk retention groups; reports

New Mexico Statutes

§ 59A-55-6 — Risk retention groups; reports

New Mexico·Ch. 59A Insurance Code·Art. 55 Risk Retention and Purchasing Groups

A.Each risk retention group shall report to the superintendent the net premium written for risks resident or located within New Mexico.

B.To the extent a licensed insurance producer is utilized pursuant to Section 59A- 55-24 NMSA 1978, the licensed insurance producer shall report to the superintendent the premiums for direct business for risks resident or located within this state that the insurance producers have placed with or on behalf of a risk retention group not licensed in this state.

C.To the extent that an insurance producer is utilized pursuant to Section 59A-55- 24 NMSA 1978, the insurance producer shall keep a complete and separate record of all policies procured from each such risk retention group, which record shall be open to examination by the superintendent and shall co

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A. Each risk retention group shall report to the superintendent the net premium written for risks resident or located within New Mexico. B. To the extent a licensed insurance producer is utilized pursuant to Section 59A- 55-24 NMSA 1978, the licensed insurance producer shall report to the superintendent the premiums for direct business for risks resident or located within this state that the insurance producers have placed with or on behalf of a risk retention group not licensed in this state. C. To the extent that an insurance producer is utilized pursuant to Section 59A-55- 24 NMSA 1978, the insurance producer shall keep a complete and separate record of all policies procured from each such risk retention group, which record shall be open to examination by the superintendent and shall contain the information required by the superintendent by rule.

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