Domestic Stock and Mutual Insurers

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Domestic Stock and Mutual Insurers

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Section
59A-34-1

Scope of article.

Section
59A-34-2

Application of general corporation statutes.

Section
59A-34-3

Insurance business exclusive; exceptions.

Section
59A-34-4

Incorporation.

Section
59A-34-5

Filing, recording of articles; authority to raise capital or transact insurance required.

Section
59A-34-6

Amendment of articles of incorporation.

Section
59A-34-7

Nonuser of corporate charter.

Section
59A-34-8

Prohibited interest of officers, directors and employees in certain transactions.

Section
59A-34-9

Salaries of officers, directors.

Section
59A-34-10

Records and accounts.

Section
59A-34-11

Vouchers for expenditures.

Section
59A-34-12

Assets to be kept in state; exceptions.

Section
59A-34-13

Removal, concealment of records, assets.

Section
59A-34-14

Information to stockholders and proxy regulations.

Section
59A-34-15

Information in advance of stockholder meetings.

Section
59A-34-16

Solicitation of proxies.

Section
59A-34-17

Management, compensation and agency contracts.

Section
59A-34-18

Dividends to stockholders.

Section
59A-34-19

Participating policies.

Section
59A-34-20

Dividends to policyholders.

Section
59A-34-21

Illegal dividends; penalty.

Section
59A-34-22

Purchase of own shares by stock insurer.

Section
59A-34-23

Borrowed capital funds.

Section
59A-34-24

Mutual membership.

Section
59A-34-25

Mutual members, corporate rights.

Section
59A-34-26

Mutual insurer bylaws.

Section
59A-34-27

Mutual members, quorum.

Section
59A-34-28

Mutual members, contingent liability.

Section
59A-34-29

Mutual members, levy of contingent liability.

Section
59A-34-30

Mutual members, enforcement of contingent liability.

Section
59A-34-31

Mutual insurers; nonassessable policies.

Section
59A-34-32

Prohibited transactions.

Section
59A-34-33

Unauthorized business in other states.

Section
59A-34-34

Mutualization of stock insurer.

Section
59A-34-35

Conversion to ordinary business corporation.

Section
59A-34-36

Merger, consolidation of stock insurers.

Section
59A-34-37

Preservation of old charter in merger, consolidation.

Section
59A-34-38

Merger, consolidation of mutual insurers.

Section
59A-34-39

Conversion of mutual to stock insurer.

Section
59A-34-40

Bulk reinsurance.

Section
59A-34-41

Bulk reinsurance; fees and commissions.

Section
59A-34-42

Expense to be borne by parties.

Section
59A-34-43

Mutual member's share of assets on liquidation.

Section
59A-34-44

Material transactions; report.

Section
59A-34-45

Acquisition and disposition of assets; materiality; scope; reporting requirements.

Section
59A-34-46

Nonrenewals, cancellations or revisions of ceded reinsurance programs; materiality; scope; reporting requirements.