Certificate of authority.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Reciprocal Insurers
  5. Certificate of authority.

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A. The certificate of authority of a reciprocal insurer shall be issued to its attorney in the name of the insurer.

B. The superintendent may refuse, suspend or revoke the certificate of authority, in addition to other grounds therefor, for failure of the attorney to comply with any applicable provision of the Insurance Code.

History: Laws 1984, ch. 127, § 664.

ANNOTATIONS

Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.


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