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§ 59a-55-12 — New Mexico Law | CourtGPT
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  4. Chapter 59a - Insurance Code/
  5. Article 55 - Risk Retention and Purchasing Groups/
  6. § 59a-55-12
New Mexico Legal Code

§ 59a-55-12

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No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies. History: Laws 1988, ch. 125, § 12.