"Insurance" is a contract whereby one undertakes to pay or indemnify another as to loss from certain specified contingencies or perils, or to pay or grant a specified amount or determinable benefit in connection with ascertainable risk contingencies, or to act as surety.
§ 59A-1-5 NMSA 1978
"Insurance"
Known as the New Mexico Insurance Code
The act spans §§ 59–59 (21 sections).
Laws 1984, ch. 127, § 5.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.