Prohibition on ownership by an insurance company.

  1. Law
  2. New Mexico Statutes
  3. Insurance Code
  4. Risk Retention and Purchasing Groups
  5. Prohibition on ownership by an insurance company.

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No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies.

History: Laws 1988, ch. 125, § 12.


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