Conservation, Rehabilitation and Liquidation

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Conservation, Rehabilitation and Liquidation

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Section
59A-41-1

Short title.

Section
59A-41-2

Scope of article.

Section
59A-41-3

Definitions.

Section
59A-41-4

"Ancillary state" defined.

Section
59A-41-5

"Creditor" defined.

Section
59A-41-6

"Delinquency proceeding" defined.

Section
59A-41-7

"Domiciliary state" defined.

Section
59A-41-8

"Foreign country" defined.

Section
59A-41-9

"General assets" defined.

Section
59A-41-10

"Impairment" defined.

Section
59A-41-11

"Insolvency" defined.

Section
59A-41-12

"Preferred claim" defined.

Section
59A-41-13

"Receiver" defined.

Section
59A-41-14

"Reciprocal state" defined.

Section
59A-41-15

"Secured claim" defined.

Section
59A-41-16

"Special deposit claim" defined.

Section
59A-41-17

Uniform Insurers Liquidation Act; composition, severability and interpretation.

Section
59A-41-18

Conduct of delinquency proceedings against domestic insurers.

Section
59A-41-19

Conduct of delinquency proceedings against nondomestic insurers; domiciliary receiver may sue.

Section
59A-41-20

Filing, proving claims of nonresidents against delinquent domestic insurers.

Section
59A-41-21

Filing, proving claims of residents against delinquent insurers domiciled in reciprocal states.

Section
59A-41-22

Priority of preferred claims, special deposit claims and secured claims.

Section
59A-41-23

Attachment, garnishment of assets.

Section
59A-41-24

Hazardous financial condition; determination.

Section
59A-41-25

Requirements of insurer in hazardous financial condition.

Section
59A-41-26

Hazardous financial condition; failure of insurer to comply with requirements.

Section
59A-41-27

Deposit of foreign insurer during examination; impoundment of assets.

Section
59A-41-28

Grounds for rehabilitation, liquidation of domestic insurer.

Section
59A-41-29

Order of rehabilitation; termination.

Section
59A-41-30

Order of liquidation of domestic insurer; rights, liabilities.

Section
59A-41-31

Grounds for conservation of assets of foreign insurer.

Section
59A-41-32

Order of conservation or ancillary liquidation of foreign or alien insurer.

Section
59A-41-33

Grounds for dissolution of domestic insurer.

Section
59A-41-34

Commencement of a delinquency proceeding.

Section
59A-41-35

Change of venue.

Section
59A-41-36

Right of guaranty association to participate in delinquency proceeding.

Section
59A-41-37

Exemption from filing fees.

Section
59A-41-38

Deposit of monies collected.

Section
59A-41-39

Borrowing on pledge of assets.

Section
59A-41-40

Sale, disposition of assets and compromise of certain claims.

Section
59A-41-41

Time to file claims.

Section
59A-41-42

Fraudulent transfers prior to petition.

Section
59A-41-43

Fraudulent transfer after petition.

Section
59A-41-43.1

Voidable preferences and liens.

Section
59A-41-43.2

Liability for participation in fraudulent transfer or voidable preference.

Section
59A-41-43.3

Claims of holders of void or voidable rights.

Section
59A-41-44

Priorities in distribution.

Section
59A-41-45

Offsets.

Section
59A-41-45.1

Recovery from affiliates.

Section
59A-41-46

Report for assessment; domestic mutual, reciprocal insurers.

Section
59A-41-47

Levy of assessment; domestic mutual, reciprocal insurers.

Section
59A-41-48

Order for payment of assessment; domestic mutual, reciprocal insurers.

Section
59A-41-49

Assessment order, publication and transmittal.

Section
59A-41-50

Judgment upon the assessment.

Section
59A-41-51

Summary proceedings; superintendent's corrective orders authorized.

Section
59A-41-52

Summary proceedings; appeal from superintendent's order.

Section
59A-41-53

Summary proceedings; enforcement; penalty.

Section
59A-41-54

Summary proceedings; seizure under court order.

Section
59A-41-55

Summary proceedings; seizure under superintendent's order.

Section
59A-41-56

Summary proceedings; conduct of administrative and judicial hearings.

Section
59A-41-57

Summary proceedings; penalty for refusal to deliver property, records.