§ 59A-40-1 May be licensed to write certain insurance effective in
§ 59A-40-2 Application for license
§ 59A-40-3 Deposit or bond
§ 59A-40-4 Service of process
§ 59A-40-5 Reports
§ 59A-40-6 Premium rates
§ 59A-40-7 Examination
§ 59A-40-8 Acceptance of laws; suspension, revocation, nonrenewal of license
§ 59A-40-9 Licensed agents required
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Terms Used In New Mexico Statutes > Chapter 59A > Article 40 - Mexican Casualty Insurers

  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Service of process: The service of writs or summonses to the appropriate party.