Subject to the provisions of Section 59A-37-22 NMSA 1978, each registered insurer shall report to the superintendent all dividends and other distributions to shareholders within fifteen business days following the declaration thereof.
§ 59A-37-19.1 NMSA 1978
Reporting of dividends to shareholders
Known as the Insurance Holding Company Law
The act spans §§ 59–59 (36 sections).
1978 Comp., § 59A-37-19.1, enacted by Laws 1993, ch. 320, § 81.
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.