New Mexico Statutes 59A-16C-3. Definitions
Current as of: 2024 | Check for updates
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As used in the Insurance Fraud Act:
Terms Used In New Mexico Statutes 59A-16C-3
- Fraud: Intentional deception resulting in injury to another.
A. “fund” means the insurance fraud fund;
B. “insurance fraud” means any act or practice in connection with an insurance transaction that constitutes a crime under the Criminal Code or the Insurance Code;
C. “insurance transaction” means any act or practice relating to insurance and includes complying with the Insurance Code or any rule adopted under its authority; and
D. “superintendent” means the superintendent of insurance.