§ 59A-55-1 Short title
§ 59A-55-2 Purpose
§ 59A-55-3 Definitions
§ 59A-55-4 Risk retention groups authorized in New Mexico
§ 59A-55-5 Risk retention groups not having a New Mexico certificate of authority
§ 59A-55-6 Risk retention groups; reports
§ 59A-55-7 Compliance with unfair claims settlement practices
§ 59A-55-8 Deceptive, false or fraudulent practices
§ 59A-55-9 Examination regarding financial condition
§ 59A-55-10 Notice to purchasers
§ 59A-55-11 Prohibited acts regarding solicitation or sale
§ 59A-55-12 Prohibition on ownership by an insurance company
§ 59A-55-13 Prohibited coverage
§ 59A-55-14 Delinquency proceedings
§ 59A-55-15 Penalties
§ 59A-55-16 Operation prior to enactment of act
§ 59A-55-17 Compulsory associations
§ 59A-55-18 Purchasing groups’ exemption from certain laws
§ 59A-55-19 Notice and registration requirements of purchasing groups
§ 59A-55-20 Restrictions on insurance purchased by purchasing groups
§ 59A-55-22 Administrative and procedural authority regarding risk retention groups and purchasing groups
§ 59A-55-23 Penalties
§ 59A-55-24 Duty of insurance producers to obtain license
§ 59A-55-25 Binding effect of orders issued in United States district court
§ 59A-55-26 Rules and regulations
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Terms Used In New Mexico Statutes > Chapter 59A > Article 55 - Risk Retention and Purchasing Groups

  • 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.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Statute: A law passed by a legislature.