There shall be no civil liability on the part of, and no civil cause of action shall arise against the superintendent, the insurance department or its employees or agents for any action taken by them in the performance of their powers and duties under the Risk-Based Capital Act.
§ 59A-5A-12 NMSA 1978
Immunity
Known as the Risk-Based Capital Act
The act spans §§ 59–59 (13 sections).
1978 Comp., § 59A-5A-12, enacted by Laws 1995, ch. 149, § 12.
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.