"Preferred claim" means any claim accorded priority of payment from the insurer's or organization's general assets under applicable law.
§ 59A-41-12 NMSA 1978
"Preferred claim" defined
Laws 1984, ch. 127, § 704.
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.