A. Orders and notices of the superintendent shall be effective only when in writing signed by him or by his authority.
B. Every order of the superintendent shall state its effective date and shall concisely state:
(1) what is ordered;
(2) the grounds on which the order is based; and
(3) the provisions of the Insurance Code pursuant to which action is taken or proposed to be taken; but failure to so designate a particular provision shall not deprive the superintendent of the right to rely thereon.
C. Except as provided as to particular procedures, an order or notice may be given by delivery to the person to be ordered or notified, or by mailing it, postage prepaid, addressed to such person at [his] principal place of business or residence last of record with the insurance department. If so mailed, the order or notice shall be deemed given when deposited in a mail depository of the United States post office; and as to which the affidavit of the individual who so mailed it shall be prima facie evidence that the order or notice was given.
History: Laws 1984, ch. 127, § 28.
ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.