reglab/housing_qa huggingface dataset:
NM Stat § 59A-44-22 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-22 - Funds.

A. All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract. B. A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of such society. C. A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the provisions of law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including without limitation special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants and selection of a committee to manage the business and affairs of the account, and may issue contracts on a variable basis to which Subsections B and D of Section 59A-44-19 NMSA 1978 shall not apply. History: 1978 Comp., § 59A-44-22, enacted by Laws 1989, ch. 388, § 22. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 22, repealed 59A-44-22 NMSA 1978, as enacted by Laws 1984, ch. 127, § 807, relating to waiver, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-23 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-23 - Exemptions.

Except as herein provided, societies shall be governed by Chapter 59A, Article 44 NMSA 1978 and shall be exempt from all other provisions of the insurance laws of this state unless they are expressly designated therein, or unless it is specifically made applicable by that article. History: 1978 Comp., § 59A-44-23, enacted by Laws 1989, ch. 388, § 23. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 23, repealed 59A-44-23 NMSA 1978, as enacted by Laws 1984, ch. 127, § 808, relating to reinsurance, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-24 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-24 - Taxation.

Every society organized or licensed under Chapter 59A, Article 44 NMSA 1978 is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and office equipment. History: 1978 Comp., § 59A-44-24, enacted by Laws 1989, ch. 388, § 24. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 24, repealed 59A-44-24 NMSA 1978, as enacted by Laws 1984, ch. 127, § 809, relating to the annual license, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-25 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-25 - Valuation.

A. Standards of valuation for certificates issued prior to one year after the effective date of this act shall be those provided by the laws applicable immediately prior to the effective date of this act. B. The minimum standards of valuation for certificates issued on or after one year from the effective date of this act shall be based on the following tables: (1) for certificates of life insurance, the commissioner's 1941 standard ordinary mortality table, the commissioner's 1941 standard industrial mortality table, the commissioner's 1958 standard ordinary mortality table, the commissioner's 1980 standard ordinary mortality table or any more recent table made applicable to life insurers; and (2) for annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for noncancelable accident and health benefits, such tables as are authorized for use by life insurers in this state. Paragraphs (1) and (2) of this subsection shall be under valuation methods and standards, including interest assumptions, in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits. C. The superintendent may in his discretion accept other standards for valuation if the superintendent finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The superintendent may in his discretion vary the standards of mortality applicable to all benefit contracts on substandard lives or other extrahazardous lives by any society authorized to do business in this state. D. Any society, with the consent of the superintendent of the state of domicile of the society, and under such conditions, if any, which the superintendent may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby. History: 1978 Comp., § 59A-44-25, enacted by Laws 1989, ch. 388, § 25. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 25, repealed 59A-44-25 NMSA 1978, as enacted by Laws 1984, ch. 127, § 810, relating to admission of foreign or alien societies, and enacted a new section, effective January 1, 1990. Compiler's notes. — The phrase "effective date of this act", referred to throughout Subsections A and B, means January 1, 1990, the effective date of Laws 1989, ch. 388.
NM Stat § 59A-44-26 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-26 - Reports.

Reports shall be filed in accordance with the provisions of this section as follows: A. every society transacting business in this state shall annually, on or before the first day of March, unless for cause shown such time has been extended by the superintendent, file with the superintendent a true statement of its financial condition, transactions and affairs for the preceding calendar year and pay the fee specified in Section 59A-14-36 [59A-44-36] NMSA 1978. The statement shall be in general form and context as approved by the national association of insurance commissioners for fraternal benefit societies and as supplemented by additional information required by the superintendent; B. as part of the annual statement herein required, each society shall, on or before the first day of March, file with the superintendent a valuation of its certificates in force on December 31 last preceding, provided the superintendent may in his discretion for cause shown extend the time for filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in Section 59A-44-25 NMSA 1978. Such valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society; and C. a society neglecting to file the annual statement in the form and within the time provided by this section shall forfeit one hundred dollars ($100) for each day during which such neglect continues, and, upon notice by the superintendent to that effect, its authority to do business in this state shall cease while such default continues. History: 1978 Comp., § 59A-44-26, enacted by Laws 1989, ch. 388, § 26. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 26, repealed 59A-44-26 NMSA 1978, as enacted by Laws 1984, ch. 127, § 811, relating to injunctions, liquidation and receivership, and enacted a new section, effective January 1, 1990. Bracketed material. — The bracketed material was inserted by the compiler and it is not part of the law. The bracketed reference in Subsection A was inserted by the compiler, as the reference to Section 59A-14-36 NMSA 1978 is apparently erroneous.
NM Stat § 59A-44-27 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-27 - Certificates of authority.

Societies which are now authorized to transact business in this state may continue such business until March 1 next succeeding the effective date of this act. The authority of such societies and all societies thereafter licensed shall continue in force as long as the society is entitled thereto under that article and until suspended or revoked by the superintendent or terminated at the society's request; subject, however, to the payment of the annual continuation fee specified in Section 59A-44-36 NMSA 1978. A duly certified copy or duplicate of such certificate of authority shall be prima facie evidence that such society is a fraternal benefit society within the meaning of Chapter 59A, Article 44 NMSA 1978. History: 1978 Comp., § 59A-44-27, enacted by Laws 1989, ch. 388, § 27. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 27, repealed 59A-44-27 NMSA 1978, as enacted by Laws 1984, ch. 127, § 812, relating to suspension, revocation or refusal of a license of a foreign or alien society, and enacted a new section, effective January 1, 1990. Compiler's notes. — The phrase "effective date of this act", referred to in the first sentence, means January 1, 1990, the effective date of Laws 1989, ch. 388. The phrase "that article", referred to in the second sentence, apparently means present Article 44 (59A-44-1 to 59A-44-45 NMSA 1978).
NM Stat § 59A-44-28 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-28 - Examination of societies; no adverse publications.

A. The superintendent, or any person he may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in Section 59A-4-10 NMSA 1978 shall be applicable to the examination of societies. B. The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined for whose certificates are valued, upon statements furnished by the superintendent. History: 1978 Comp., § 59A-44-28, enacted by Laws 1989, ch. 388, § 28. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 28, repealed 59A-44-28 NMSA 1978, as enacted by Laws 1984, ch. 127, § 813, relating to licensing of agents, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-29 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-29 - Foreign or alien society.

A. No foreign or alien society shall transact business in this state without a license issued by the superintendent. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of Chapter 59A, Article 44 NMSA 1978 applicable to domestic societies. Any such society may be licensed to transact business in this state upon filing with the superintendent: (1) a duly certified copy of its articles of incorporation; (2) a copy of its bylaws, certified by its secretary or corresponding officer; (3) a power of attorney to the superintendent as prescribed in Section 59A-44-35 NMSA 1978; (4) a statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the superintendent, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province or country, satisfactory to the superintendent of this state; (5) certification from the proper official of its home state, territory, province or country that the society is legally incorporated and licensed to transact business therein; (6) copies of its certificate forms and accident and health rates; and (7) such other information as the superintendent may deem necessary; and upon a showing that its assets are invested in accordance with the provisions of Chapter 59A, Article 44 NMSA 1978. B. Any foreign or alien society desiring admission to this state shall have the qualifications required of domestic societies organized under Chapter 59A, Article 44 NMSA 1978. History: 1978 Comp., § 59A-44-29, enacted by Laws 1989, ch. 388, § 29. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 29, repealed 59A-44-29 NMSA 1978, as enacted by Laws 1984, ch. 127, § 814, relating to service of process, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-31 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-31 - Suspension, revocation or refusal of license of foreign or alien society.

A. When the superintendent upon investigation finds that a foreign or alien society transacting or applying to transact business in this state: (1) has exceeded its powers; (2) has failed to comply with any of the provisions of Chapter 59A, Article 44 NMSA 1978; (3) is not fulfilling its contracts in good faith; or (4) is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public, the superintendent shall notify the society of any deficiency and state in writing the reasons for his dissatisfaction. The superintendent shall at once issue a written notice to the society requiring that any deficiency that exists be corrected. After such notice the society shall have a thirty-day period in which to comply with the superintendent's request for correction, and if the society fails to comply the superintendent shall notify the society of such findings of noncompliance and require the society to show cause on a date named why its license should not be suspended, revoked or refused. If on such date the society does not present good and sufficient reason why its authority to do business in this state should not be suspended, revoked or refused, the superintendent may suspend or refuse the license of the society to do business in this state until satisfactory evidence is furnished to the superintendent that such suspension or refusal should be withdrawn or the superintendent may revoke the authority of the society to do business in this state. B. Nothing contained in this section shall be taken or construed as preventing any such society from continuing in good faith all contracts made in this state during the time such society was legally authorized to transact business therein. History: 1978 Comp., § 59A-44-31, enacted by Laws 1989, ch. 388, § 31. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 31, repealed 59A-44-31 NMSA 1978, as enacted by Laws 1984, ch. 127, § 816, relating to review, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-32 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-32 - Injunction.

No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this state unless made by the attorney general upon request of the superintendent. History: 1978 Comp., § 59A-44-32, enacted by Laws 1989, ch. 388, § 32. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 32, repealed 59A-44-32 NMSA 1978, as enacted by Laws 1984, ch. 127, § 817, relating to funds, and enacted a new section, effective January 1, 1990. Am. Jur. 2d, A.L.R. and C.J.S. references. — Right to assets of voluntarily dissolved lodge or club, 70 A.L.R.4th 897.
NM Stat § 59A-44-33 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-33 - Licensing of agents.

A. Agents of societies shall be licensed in accordance with the applicable provisions of Chapter 59A, Articles 11 and 12 NMSA 1978 regulating the licensing, revocation, suspension or termination of license of agents, but shall not be subject to the provisions of Section 59A-12-26 NMSA 1978. B. No examination or license shall be required of any regular salaried officer, employee or member of a licensed society who devotes or intends to devote fifty percent or more of his services to activities other than the solicitation of fraternal insurance contracts from the public and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained. C. Any person who in the preceding calendar year has solicited and procured life insurance contracts on behalf of any society in an amount of insurance in excess of fifty thousand dollars ($50,000) or, in the case of any other kind of insurance that the society might write, on the persons of more than twenty-five individuals and who has received or will receive a commission or other compensation therefor shall be presumed to be devoting or intending to devote fifty percent of his time to the solicitation or procurement of insurance contracts for such society. History: 1978 Comp., § 59A-44-33, enacted by Laws 1989, ch. 388, § 33; 1991, ch. 169, § 1; 1999, ch. 272, § 22; 1999, ch. 289, § 32. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 33, repealed 59A-44-33 NMSA 1978, as enacted by Laws 1984, ch. 127, § 818, relating to investments, and enacted a new section, effective January 1, 1990. The 1999 amendment, effective June 18, 1999, deleted "resident and nonresident" preceding "agents, but shall not" in Subsection A and deleted "or kinds" following "any other kind" in Subsection C. Laws 1999, ch. 272, § 22 and by Laws 1999, ch. 289, § 32, both effective June 18, 1999, enacted identical amendments to this section. The section was set out as amended by Laws 1999, ch. 289, § 32. See 12-1-8 NMSA 1978. The 1991 amendment, effective June 14, 1991, added "but shall not be subject to the provisions of Section 59A-12-26 NMSA 1978" at the end in Subsection A; substituted "or intends to devote fifty percent or more" for "substantially" in Subsection B; and, in Subsection C, deleted the former first sentence, which read "Any agent or representative of a society who devotes or intends to devote less than fifty percent of his time to the solicitation and procurement of insurance contracts for such society," and made a minor stylistic change.
NM Stat § 59A-44-34 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-34 - Unfair methods of competition and unfair and deceptive acts and practices.

Every society authorized to do business in this state shall be subject to the provisions of Chapter 59A, Article 16 NMSA 1978 relating to trade practices and frauds; provided, however, that nothing in such provisions shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation. History: 1978 Comp., § 59A-44-34, enacted by Laws 1989, ch. 388, § 34. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 34, repealed 59A-44-34 NMSA 1978, as amended by Laws 1987, ch. 259, § 27, relating to reports and valuations, and enacted a new section, effective January 1, 1990.
NM Stat § 59A-44-35 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 44 - Fraternal Benefit Societies|Section 59A-44-35 - Service of process.

A. Every society authorized to do business in this state shall appoint in writing the superintendent and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served and shall agree in such writing that any lawful process against it which is served on said attorney shall be the same legal force and validity as if served upon the society, and that the authority shall continue in force so long as any liability remains outstanding in this state. Copies of such appointment, certified by said superintendent, shall be deemed sufficient evidence thereof and shall be admitted in evidence with the same force and effect as the original thereof might be admitted. B. Service shall only be made upon the superintendent, or if absent, upon the person in charge of the superintendent's office. It shall be made in duplicate and shall constitute sufficient service upon the society. When legal process against a society is served upon the superintendent, the superintendent shall forthwith forward one of the duplicate copies by registered mail, prepaid, directed to the secretary or corresponding officer. No such service shall require a society to file its answer, pleading or defense in less than thirty days from the date of mailing the copy of the service to a society. Legal process shall not be served upon a society except in the manner herein provided. At the time of serving any process upon the superintendent, the plaintiff or complainant in the action shall pay to the superintendent a fee of ten dollars ($10.00). History: 1978 Comp., § 59A-44-35, enacted by Laws 1989, ch. 388, § 35. ANNOTATIONSRepeals and reenactments. — Laws 1989, ch. 388, § 35, repealed 59A-44-35 NMSA 1978, as enacted by Laws 1984, ch. 127, § 820, relating to examination of domestic societies, and enacted a new section, effective January 1, 1990.