Grounds for dissolution of domestic insurer.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Conservation, Rehabilitation and Liquidation
  5. Grounds for dissolution of domestic insurer.

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The superintendent may apply under this article for an order dissolving the corporate existence of a domestic insurer:

A. upon his application for an order for liquidation, or at any time after such order has been granted; or

B. upon the grounds specified in Section 720 [59A-41-28 NMSA 1978] of this article whether or not an order of liquidation is sought or has been obtained.

History: Laws 1984, ch. 127, § 725.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 124 to 126.


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