reglab/housing_qa huggingface dataset:
NM Stat § 58-33-5 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 33 - New Mexico Work and Save|Section 58-33-5 - Confidentiality of participant and account information; application of other laws.

A. Information obtained by the board that is proprietary or information about covered employees or participants in the New Mexico retirement plan marketplace is confidential and not subject to inspection pursuant to the Inspection of Public Records Act [Chapter 14, Article 3 NMSA 1978].B. Individual account information of New Mexico work and save program participants, including names, addresses, telephone numbers, email addresses, personal identification information, investments, contributions and earnings, is confidential and shall be maintained as confidential:(1) except to the extent necessary to administer New Mexico work and save in a manner consistent with the New Mexico Work and Save Act, the tax laws of this state and the Internal Revenue Code; or(2) unless the person who provides the information or is the subject of the information expressly agrees in writing to the disclosure of the information.History: Laws 2020, ch. 7, § 5. ANNOTATIONSCross references. — For Internal Revenue Code, see 26 U.S.C. § 1 et seq.Effective dates. — Laws 2020, ch. 7 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 20, 2020, 90 days after adjournment of the legislature. Temporary provisions. — Laws 2020, ch. 7, § 13 provided:A. The New Mexico retirement plan marketplace shall be implemented no later than July 1, 2021. B. New Mexico work and save shall be implemented so that covered employees may begin contributing to New Mexico work and save no later than January 1, 2022.
NM Stat § 58-33-6 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 33 - New Mexico Work and Save|Section 58-33-6 - Executive director; powers and duties.

A. The executive director of New Mexico work and save may:(1) hire, fire and recommend to the board compensation for staff, as needed; and(2) contract for legal, fiscal, investment and other expert advisors and service providers, none of whom shall be board members and all of whom shall serve at the pleasure of the board.B. The executive director shall:(1) oversee requests for proposals at the board's direction;(2) develop and disseminate educational information and tools designed to improve financial literacy and educate program participants, covered employers, covered employees and other state residents about the benefits of saving for retirement and help them decide the level of participation and savings strategies that may be appropriate for them;(3) if necessary, determine the eligibility of an employer or employee to participate in New Mexico work and save; and (4) perform other duties as assigned by the board.History: Laws 2020, ch. 7, § 6. ANNOTATIONSEffective dates. — Laws 2020, ch. 7 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 20, 2020, 90 days after adjournment of the legislature. Temporary provisions. — Laws 2020, ch. 7, § 13 provided:A. The New Mexico retirement plan marketplace shall be implemented no later than July 1, 2021. B. New Mexico work and save shall be implemented so that covered employees may begin contributing to New Mexico work and save no later than January 1, 2022.
NM Stat § 58-33-11 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 33 - New Mexico Work and Save|Section 58-33-11 - Protection for covered employers.

A. The New Mexico work and save IRA program is not an employer-sponsored plan. A covered employer does not bear responsibility for:(1) the decision by a covered employee to participate or not to participate in the New Mexico work and save IRA program;(2) the performance of a specific savings option selection made by a program participant and facilitated through the New Mexico work and save IRA program;(3) investment decisions made by a program participant;(4) the administration, investment, investment returns or investment performance of an IRA savings option facilitated through the New Mexico work and save IRA program, including interest rate or other rate of return on a contribution or individual retirement account balance;(5) the design or administration of the New Mexico work and save IRA program or the benefits paid to or the earnings or losses of program participants;(6) a program participant's awareness of or compliance with the conditions and other provisions of the tax laws that determine which persons are eligible to make tax-favored contributions to individual retirement accounts, in what amount and in what time frame and manner; or(7) loss, failure to realize gain or other adverse consequences, including adverse tax consequences or loss of favorable tax treatment, public assistance or other benefits incurred by a program participant as a result of participating in the New Mexico work and save IRA program.B. No covered employer shall be or shall be considered to be a fiduciary under the New Mexico work and save IRA program.History: Laws 2020, ch. 7, § 11; 2021, ch. 46, § 8. ANNOTATIONSThe 2021 amendment, effective June 18, 2021, clarified that covered employees are not responsible for the performance of a specific savings option selection made by a program participant and facilitated through the New Mexico work and save IRA program; after each occurrence of "New Mexico work and save", added "IRA program" throughout; in Subsection A, Paragraph A(1), after "the decision", added "by a covered employee", in Paragraph A(2), added "the performance of", after "specific", and deleted "election under" and added "savings option selection made by a program participant and facilitated through the", in Paragraph A(4), after "performance of", added "an IRA savings option facilitated through the", and after "contribution or", deleted "Roth", and in Paragraph A(5), after "paid to", added "or the earnings or losses of".
NM Stat § 58-33-11.1 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 33 - New Mexico Work and Save|Section 58-33-11.1 - Board and state not guarantors.

The board, each board member and the state shall not guarantee any rate of return or interest rate on any contribution made by a New Mexico work and save IRA program participant or New Mexico retirement plan marketplace participant.History: Laws 2021, ch. 46, § 10. ANNOTATIONSEffective dates. — Laws 2021, ch. 46 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 18, 2021, 90 days after adjournment of the legislature.
NM Stat § 58-33-12 (2021)
2021 New Mexico Statutes|Chapter 58 - Financial Institutions and Regulations|Article 33 - New Mexico Work and Save|Section 58-33-12 - Annual report.

The board shall prepare an annual report on the operation of the New Mexico work and save IRA program and the New Mexico retirement plan marketplace and shall provide the report to the governor, the state treasurer and appropriate legislative interim committees and shall make the report available to all program participants, participating employers and the general public. History: Laws 2020, ch. 7, § 12; 2021, ch. 46, § 9. ANNOTATIONSThe 2021 amendment, effective June 18, 2021, required the New Mexico work and save board to prepare an annual report on the operation of the New Mexico work and save IRA program and the New Mexico retirement plan marketplace, to provide the report to the governor, the state treasurer and appropriate legislative interim committees, and to make the report available to program participants, participating employers and the general public; and after "New Mexico work and save", added "IRA program and the New Mexico retirement plan marketplace and shall provide the report", and after "interim committees and", deleted "made" and added "shall make the report".
NM Stat § 59A-1-1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-1 - Short title.

Chapter 59A NMSA 1978 [except for 59A-30A-1 to 59A-30A-18 NMSA 1978, and 59A-42A-1 to 59A-42A-9 NMSA 1978] shall be known and may be cited as the New Mexico Insurance Code and, in this chapter, may also be referred to as the "Insurance Code". History: 1978 Comp., § 59A-1-1, enacted by Laws 1993, ch. 320, § 1. ANNOTATIONSRepeals and reenactments. — Laws 1993, ch. 320, § 1 repealed former 59A-1-1 NMSA 1978, as enacted by Laws 1984, ch. 127, § 1, and enacted a new section, effective June 18, 1993. Compiler's notes. — Laws 1984, ch. 127, § 994, provided that any laws of New Mexico remaining in force after the effective date of the act (January 1, 1985) and which refer to provisions repealed in Section 997 of the act (primarily provisions in Chapter 59 NMSA 1978 are repealed) shall be deemed to refer to those provisions of the act which are substantially the same as the repealed provisions. Laws 1984, ch. 127, § 996, provided that the various article numbers and titles, the descriptive headings, subheadings and catchlines immediately preceding texts of or in individual sections do not constitute part of the act and are included only for purpose of convenient reference. Laws 1993, ch. 320, § 1 repealed and reenacted this section, making all of the extant provisions of Chapter 59A NMSA 1978 part of the Insurance Code. Subsequent additions to Chapter 59A have also been additions to the Insurance Code, except for 59A-17A-1 to 59A-17A-10 NMSA 1978, as enacted by Laws 2005, Chapter 275, 59A-30A-1 to 59A-30A-18 NMSA 1978 as enacted by Laws 1999, Chapter 60, and 59A-42A-1 to 59A-42A-9 NMSA 1978 as enacted by Laws 1997, Chapter 107. Definitions in the Insurance Code are not applicable to those sections excluded from the scope of the code. Law reviews. — For comment, "Survey of New Mexico Law: Insurance Law," see 15 N.M.L. Rev. 327 (1985). Am. Jur. 2d, A.L.R. and C.J.S. references. — Scope of provision in liability policy issued to municipal corporation or similar governmental body limiting coverage to injuries arising out of construction, maintenance or repair work, 30 A.L.R.5th 699. Construction and application of pre-emption exemption, under Employee Retirement Income Security Act (29 USCS § 1001 et seq.), for state laws regulating insurance, banking, or securities (29 USCS § 1144(b)(2)), 87 A.L.R. Fed. 797. Exemption or immunity from federal antitrust liability under McCarran-Ferguson Act (15 USCS §§ 1011-1013) and state action and Noerr-Pennington doctrines for business of insurance and persons engaged in it, 116 A.L.R. Fed. 163.
NM Stat § 59A-1-2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-2 - Definitions.

Unless context otherwise requires, words and terms defined in this article and elsewhere in the Insurance Code shall for the purposes of the Insurance Code have the meaning there ascribed. History: Laws 1984, ch. 127, § 2. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
NM Stat § 59A-1-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-3 - "Insurance Code".

Insurance Code means the New Mexico Insurance Code. History: Laws 1984, ch. 127, § 3. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
NM Stat § 59A-1-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-4 - Repealed.

History: Laws 1984, ch. 127, § 4; 1998, ch. 108, § 31; repealed by Laws 2013, ch. 74, § 40.ANNOTATIONSRepeals. — Laws 2013, ch. 74, § 40 repealed 59A-1-4 NMSA 1978, as enacted by Laws 1984, ch. 127, § 4, relating to the public regulation commission, effective March 29, 2013. For provisions of former section, see the 2012 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-1-6 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-6 - Repealed.

ANNOTATIONSRepeals. — Laws 1998, ch. 108, § 81 repealed 59A-1-6 NMSA 1978, as enacted by Laws 1984, ch. 127, § 6, relating to the definition of "insurance board" effective January 1, 1999. For provisions of former section, see the 1997 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-1-7 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-7 - Insurance department.

Insurance department, "insurance division" or "division" means the office of superintendent of insurance. History: Laws 1984, ch. 127, § 7; 1998, ch. 108, § 32; 2013, ch. 74, § 8. ANNOTATIONSThe 2013 amendment, effective March 29, 2013, changed the definition to mean the office of superintendent of insurance; after "means the", added "office of superintendent of"; and after "insurance", deleted "division of the commission". The 1998 amendment, effective January 1, 1999, rewrote this section, which read "'Insurance department' means the department of insurance of the corporation division."
NM Stat § 59A-1-8 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-8 - "Insurer"; "authorized insurer".

A. "Insurer" includes every person engaged as principal and as indemnitor, surety or contractor in the business of entering into contracts of insurance. B. An "authorized insurer" is a [an] insurer holding a valid and subsisting certificate of authority, issued by the superintendent, to transact insurance in this state. History: Laws 1984, ch. 127, § 8. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.
NM Stat § 59A-1-8.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-8.1 - Multiple employer welfare arrangement.

Multiple employer welfare arrangement means a plan for providing welfare benefits for employees of more than one employer as defined by 29 U.S.C. Section 1002. History: Laws 1991, ch. 125, § 2.
NM Stat § 59A-1-8.2 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-8.2 - Deliver or delivery; definition.

Deliver or "delivery" means send to by:A. email and retain an email delivery confirmation;B. electronic transmission through a dedicated two-way communication portal and retain delivery confirmation;C. fax and retain a fax delivery confirmation;D. regular mail; or E. personal delivery."History: 1978 Comp., § 59A-1-8.2, enacted by Laws 2021, ch. 108, § 1.ANNOTATIONSEffective dates. — Laws 2021, ch. 108, § 38 made Laws 2021, ch. 108, § 1 effective July 1, 2021.
NM Stat § 59A-1-9 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-9 - "New Mexico".

New Mexico means the state of New Mexico. History: Laws 1984, ch. 127, § 9.
NM Stat § 59A-1-10 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-10 - "Person"; "individual".

A. "Person" includes an individual, association, organization, reciprocal or Lloyds plan insurer, partnership, firm, syndicate, trust, corporation and every legal entity. B. An "individual" is a natural person, a human being. History: Laws 1984, ch. 127, § 10.
NM Stat § 59A-1-11 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-11 - "State".

When used in context indicating a jurisdiction other than New Mexico, "state" means any state, district, commonwealth, territory or possession of the United States of America. History: Laws 1984, ch. 127, § 11.
NM Stat § 59A-1-12 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-12 - Superintendent.

Superintendent means the superintendent of insurance or the superintendent's duly authorized representative acting in official capacity. History: Laws 1984, ch. 127, § 12; 1998, ch. 108, § 33. ANNOTATIONSThe 1998 amendment, effective January 1, 1999, substituted "superintendant of insurance" for "superintendent of the insurance department, as designated as such by the corporation commission," near the middle of the section.
NM Stat § 59A-1-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-13 - "Transacting insurance".

In addition to other aspects of insurance operations to which the Insurance Code by its terms applies, "transacting insurance" with respect to an insurance contract or a business of insurance includes any of the following, by mail or otherwise or whether or not for profit: A. solicitation or inducement; B. negotiation; C. effectuation of an insurance contract; D. transaction of matters subsequent to effectuation and arising out of such a contract; E. maintenance in this state of an office or personnel performing any function in furtherance of an insurer's business of insurance; or F. maintenance by an insurer of assets in trust in this state for the benefit, security or protection of its policyholders or its policyholders and creditors. History: Laws 1984, ch. 127, § 13; 1991, ch. 125, § 1. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. The 1991 amendment, effective April 3, 1991, inserted "an insurance contract or" in the introductory paragraph; added Subsections E and F; and made a related stylistic change. Self-insured employer. — An employer who was self-insured for workers' compensation and who maintained a self-funded health indemnity plan for employees was not engaged in the business of insurance. Kitchell v. Public Serv. Co., 1998-NMSC-051, 126 N.M. 525, 972 P.2d 344.
NM Stat § 59A-1-14 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-14 - Compliance required.

No person shall transact a business of insurance in New Mexico, or relative to a subject of insurance resident, located or to be performed in New Mexico or elsewhere, without complying with the applicable provisions of the Insurance Code. History: Laws 1984, ch. 127, § 14. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
NM Stat § 59A-1-16 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-16 - Exempted from code.

In addition to organizations and businesses otherwise exempt, the Insurance Code shall not apply to: A. a labor organization that, incidental only to operations as a labor organization, issues benefit certificates to members or maintains funds to assist members and their families in times of illness, injury or need, and is not for profit; B. the credit union share insurance corporation, as identified in Chapter 58, Article 12 NMSA 1978, and similar corporations and funds for protection of depositors, shareholders or creditors of financial institutions and businesses other than insurers; or C. the risk management division of the general services department, the public school insurance authority, the retiree health care authority and any public school district or to insurance of public property or public risks by any agency of government not otherwise engaged in the business of insurance, except the provisions of the Patient Protection Act [Chapter 59A, Article 57 NMSA 1978] and Sections 59A-2-9.2 and 59A-23E-18 NMSA 1978 shall apply to any entity required or authorized to purchase health care benefits pursuant to the Health Care Purchasing Act [Chapter 13, Article 7 NMSA 1978]. History: Laws 1984, ch. 127, § 16; 1998, ch. 107, § 12; 2001, ch. 351, § 4. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. The 2001 amendment, effective June 15, 2001, in Subsection C, inserted "the public school insurance authority, the retiree health care authority and any public school district", inserted "and Sections 59A-2-9.2 and 59A-23E-18 NMSA 1978" and substituted "any entity required or authorized to purchase health care benefits pursuant to the Health Care Purchasing Act" for "the risk management division and any managed health care plan it offers". The 1998 amendment, effective July 1, 1998, deleted "as" following "apply" in the introductory language; substituted "that" for "which" near the beginning of Subsection A; in Subsection B, substituted "Chapter 58, Article 12" for "Article 58-12"; in Subsection C, inserted "general services" following "division of the", deleted "of finance and administration of New Mexico" following "department" and "as" following "or", and added the exception to the end of the subsection.
NM Stat § 59A-1-17 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-17 - Particular provisions prevail.

Provisions of the Insurance Code relative to a particular kind of insurance or type of insurer or particular matter shall prevail over provisions relating to insurance in general or insurers in general or to such matter in general. History: Laws 1984, ch. 127, § 17. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
NM Stat § 59A-1-18 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 1 - Insurance Code|Section 59A-1-18 - General penalty.

A. Unless the same is defined as a felony under any other law of this state or punishment therefor classifies it otherwise, every violation of the Insurance Code is a petty misdemeanor punishable by a fine not to exceed five hundred dollars ($500). B. Where other monetary penalty is not expressly provided for, an administrative penalty may be assessed for violations of the Insurance Code. The administrative penalty shall be not over five thousand dollars ($5,000) for each violation, except that if the violation is to be found willful and intentional, the penalty may be up to ten thousand dollars ($10,000) for each violation. Every administrative penalty shall be imposed by written order of the superintendent made after hearing held as provided in Chapter 59A, Article 4 NMSA 1978. C. A monetary penalty imposed may be additional to any applicable suspension, revocation or denial of a license or certificate of authority. D. In addition to the authority of the insurance department to bring an action to recover statutory fines and assessments, the insurance department may bring civil actions for penalties in sums not to exceed the criminal fine for each violation of the Insurance Code, in lieu of criminal prosecution. E. The penalties contained in Subsections A through D of this section shall be in addition to any other penalty provided by law. History: Laws 1984, ch. 127, § 18; 1987, ch. 259, § 1; 1989, ch. 145, § 1. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.