A. The superintendent, or any person he may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in Section 59A-4-10 NMSA 1978 shall be applicable to the examination of societies.
B. The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined for whose certificates are valued, upon statements furnished by the superintendent.
History: 1978 Comp., § 59A-44-28, enacted by Laws 1989, ch. 388, § 28.
ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 28, repealed 59A-44-28 NMSA 1978, as enacted by Laws 1984, ch. 127, § 813, relating to licensing of agents, and enacted a new section, effective January 1, 1990.