The Broker Controlled Insurer Law shall apply to authorized insurers either domiciled in this state or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of The Insurance Holding Company Law [Chapter 59A, Article 37 NMSA 1978], to the extent they are not superseded by the Broker Controlled Insurer Law, shall continue to apply to all parties within holding company systems subject to this article.
§ 59A-12C-3 NMSA 1978
Applicability
Known as the Broker Controlled Insurer Law
The act spans §§ 59–59 (7 sections).
1978 Comp., § 59A-12C-3, enacted by Laws 1993, ch. 320, § 37.
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.