§ 59A-5-1 Definitions, in general
§ 59A-5-2 “Alien” insurer defined
§ 59A-5-3 “Charter” defined
§ 59A-5-4 “Domestic” insurer defined
§ 59A-5-5 “Foreign” insurer defined
§ 59A-5-6 “Lloyds” insurer defined
§ 59A-5-7 “Mutual” insurer defined
§ 59A-5-8 “Reciprocal” insurer defined
§ 59A-5-9 “Stock” insurer defined
§ 59A-5-10 Certificate of authority required; penalty
§ 59A-5-11 Exemptions from authority requirement
§ 59A-5-11.1 Exemption from authority requirement; provider service networks
§ 59A-5-12 General eligibility for certificate of authority
§ 59A-5-13 General eligibility for authority; ownership and management
§ 59A-5-14 Name of insurer
§ 59A-5-15 Insuring power combinations
§ 59A-5-16 Capital funds, deposits, required for certificate of authority
§ 59A-5-17 Insuring powers without added basic capital
§ 59A-5-18 General deposit
§ 59A-5-19 Special deposit or bond
§ 59A-5-20 General deposit of alien insurer
§ 59A-5-21 Application for certificate of authority
§ 59A-5-22 Issuance, refusal of authority; ownership of certificate
§ 59A-5-23 Continuance, expiration, reinstatement of certificate of authority
§ 59A-5-24 Suspension or revocation of certificate of authority;
§ 59A-5-25 Impairment as grounds for suspension or revocation of certificate of authority
§ 59A-5-26 Suspension, limitation or revocation of authority;
§ 59A-5-27 Duration of suspension; insurer’s obligations during suspension; reinstatement
§ 59A-5-28 General corporation statutes inapplicable to foreign insurers
§ 59A-5-29 Annual statement
§ 59A-5-29.1 Quarterly reports
§ 59A-5-30 Penalties for late, false annual statements
§ 59A-5-31 Appointment of superintendent as process agent
§ 59A-5-32 Serving process; time to plead
§ 59A-5-33 Reciprocity provision
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Terms Used In New Mexico Statutes > Chapter 59A > Article 5 - Authorization of Insurers and General Requirements

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Summons: Another word for subpoena used by the criminal justice system.