A "stock" insurer is an incorporated insurer with capital divided into shares, and owned by its shareholders.
§ 59A-5-9 NMSA 1978
"Stock" insurer defined
Laws 1984, ch. 127, § 76.
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.