reglab/housing_qa huggingface dataset:
NM Stat § 59A-10-12 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-12 - Purpose and duration.

The deposit of an alien insurer provided for in Section 171 [59A-10-11 NMSA 1978] of this article shall be held in trust for the benefit, security and protection of the policyholders, or policyholders and creditors, of the insurer in the United States, and shall be maintained as long as there is outstanding in the United States any liability of the insurer arising out of its insurance transactions therein. History: Laws 1984, ch. 127, § 172.
NM Stat § 59A-10-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-13 - Trust agreement.

A. The deposit of an alien insurer referred to in Section 171 [59A-10-11 NMSA 1978] of this article shall be made and maintained under a written trust agreement between the insurer and trustee consistent with the requirements of Sections 171 through 179 [59A-10-11 to 59A-10-19 NMSA 1978] of this article, and shall be authenticated in such form and manner as the superintendent may designate or approve. B. The trust agreement shall not be effective until filed with and approved in writing by the superintendent. The superintendent shall not approve any trust agreement found not in compliance with law, or terms of which do not in fact provide reasonably adequate protection for the insurer's policyholders or policyholders and creditors in the United States to the extent of the amount to be deposited. The trust agreement may be amended, but amendment shall not be effective until filed with and approved in writing by the superintendent. C. The superintendent may withdraw approval of a trust agreement or of any amendment thereof if he finds upon hearing, after due notice thereof to the insurer and the trustee, that the requisites for such approval, as provided in Sections 171 through 179 of this article do not in fact exist or no longer exist. History: Laws 1984, ch. 127, § 173.
NM Stat § 59A-10-14 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-14 - Title; separation; accounting.

A. Title to the trusteed assets of such an alien insurer shall be vested in the trustee and its successors for the purposes of the trust deposit, and the trust agreement shall so provide. B. The trustee shall keep the trusteed assets separate from its other assets, and shall maintain a record thereof sufficient to identify the trusteed assets at all times. C. The trustee shall from time to time file with the superintendent its statement, in such form as the superintendent may designate or approve, certifying the character of the assets and the amounts and market value thereof. If the trustee fails to file the statement within a reasonable time after request therefor by the superintendent, the superintendent shall revoke the insurer's certificate of authority and immediately give written notice of such revocation to each other state in which, known to the superintendent, the insurer is transacting insurance business as either an authorized insurer or surplus line insurer. History: Laws 1984, ch. 127, § 174.
NM Stat § 59A-10-15 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-15 - Examination of assets.

The superintendent may examine trusteed assets of any alien insurer at any time in accordance with the same conditions and procedures as govern examination of insurers in general under the Insurance Code. History: Laws 1984, ch. 127, § 175; 1991, ch. 125, § 10. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. The 1991 amendment, effective April 3, 1991, substituted "any alien insurer" for "the alien insurer" near the beginning of the section.
NM Stat § 59A-10-17 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-17 - Substitution of trustee.

With the superintendent's approval, a new trustee or new trustees may be substituted for the original trustee of trusteed assets of the alien insurer for any proper cause. History: Laws 1984, ch. 127, § 177.
NM Stat § 59A-10-18 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-18 - Mexican, Canadian insurers.

Sections 171 through 179 [59A-10-11 to 59A-10-19 NMSA 1978] of this article applicable to a United States manager shall, in the case of insurers domiciled in Mexico or Canada, be deemed to refer to the president, vice-president, secretary, treasurer or other comparable officer of the insurer duly authorized by the insurer's board of directors or other similar governing body to act in behalf of the insurer as to the insurer's trusteed assets hereunder. History: Laws 1984, ch. 127, § 178.
NM Stat § 59A-10-19 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 10 - Administration of Deposits; Trusteed Assets of Alien Insurer|Section 59A-10-19 - Levy upon deposit.

No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities held in this state as a deposit for protection of the insurer's policyholders or policyholders and creditors. Levy upon deposits made pursuant to Section 100 [59A-5-33 NMSA 1978] (reciprocity provision) of the Insurance Code shall be permitted if so provided by the superintendent's order under which the deposit is required. History: Laws 1984, ch. 127, § 179.
NM Stat § 59A-11-1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-1 - Scope of article.

A. Chapter 59A, Article 11 NMSA 1978 provides procedures for licensing insurance producers, surplus line brokers and adjusters; agents of prepaid dental plans; agents of nonprofit health care plans; bail bondsmen and their solicitors; registration of motor club representatives; licensing of insurance securities salespersons; and applications for, qualifying examinations, and issuance of, duration, continuation, and termination of all such licenses and registrations. For the purposes of that article, all such licenses and registrations are referred to as "licenses". B. Chapter 59A, Article 11 NMSA 1978 shall also apply to all additional categories of persons operating in insurance fields and related fields as administrators, consultants, appraisers, or in whatever similar capacity, under laws now or hereafter enacted, the licensing and supervision of whom is delegated to the superintendent. C. Definitions, requirement of licenses, qualifications for license, and other requirements and provisions as to insurance producers, adjusters, bail bondsmen and their solicitors, motor club representatives, and other categories referred to in Subsection B of this section, shall be as provided in subsequent articles in the Insurance Code now or hereafter respectively dealing with such categories; provided that "insurance producer" means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance. History: Laws 1984, ch. 127, § 180; 2016, ch. 89, § 11. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. The 2016 amendment, effective July 1, 2017, defined "insurance producer" and replaced "agents", "solicitors", and "brokers" with "insurance producers"; in Subsection A, deleted "This article" and added "Chapter 59A, Article 11 NMSA 1978", after "provides", deleted "as to", after "procedures", deleted "in" and added "for", after "licensing insurance", deleted "agents, solicitors, brokers" and added "producers", after "plans; agents", deleted "and solicitors", after "bail bondsmen and", added "their", and after "For the purposes of", deleted "this" and added "that"; in Subsection B, deleted "This article" and added "Chapter 59A, Article 11 NMSA 1978", after "shall also apply", deleted "as", and after "of whom is delegated", deleted "by such laws"; and in Subsection C, after "provisions as to", deleted "such agents, solicitors, brokers" and added "insurance producers", after "referred to in Subsection B", deleted "above" and added "of this section", and after "dealing with such categories", added the remainder of the subsection. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-11-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-3 - Application by firm or corporation.

A. Where licensing of a firm (partnership) or corporation is otherwise provided for as to any category of licensees referred to in Section 180 [59A-11-1 NMSA 1978] of this article, application therefor shall be filed with the superintendent by the firm or corporation on form prescribed and furnished by the superintendent. The application shall be signed on behalf of the applicant by a partner or corporate officer thereunto duly authorized, and under oath if so required by the superintendent. B. The application form may require information about applicant as follows: (1) if a firm, the name, residence, proof of identity, business record and reputation, business experience of each partner and so much additional information concerning such individuals as required of applicants for license as individuals as the superintendent deems advisable; (2) if a corporation, the name, residence, proof of identity, business record and reputation, business experience of each officer, member of the board of directors, controlling stockholder, and such additional information concerning such individuals as required of applicants for license as individuals as the superintendent deems advisable; (3) evidence satisfactory to the superintendent that transaction of business proposed to be transacted under the license applied for is within the partnership agreement, if a firm, or within the corporate powers, if a corporation; and (4) such further information concerning applicant, appointment of applicant, partners, corporate officers, directors, and stockholders, as the superintendent deems advisable. C. If a firm, each individual who is not a bona fide general partner and who is to exercise license powers, and if a corporation, each individual, whether or not an officer, director, stockholder or in other relationship to the corporation, who is to exercise the license powers, shall file application as though for an individual license for the same kind of business as that applied for by the firm or corporation. D. The application shall be accompanied by payment of the fee for filing application, fee for any examination required under the Insurance Code to be taken and passed prior to licensing, as such fees are prescribed in Section 101 [59A-6-1 NMSA 1978] (fee schedule) of the Insurance Code, and by any bond otherwise required as to the license applied for. An additional license application filing fee is required as to each individual in excess of one who is to exercise the license powers of a corporation, or license powers of a firm if not a general partner therein. History: Laws 1984, ch. 127, § 182. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. For existing forms and filings, see notes following 59A-5-21 NMSA 1978.
NM Stat § 59A-11-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-4 - Temporary licenses.

A. Where temporary license is otherwise provided for in the Insurance Code as to a particular category of licensee, application therefor shall be made in the same manner as applies to permanent license under Chapter 59A, Article 11 NMSA 1978 with such modification therein as the superintendent may prescribe, and without payment of examination fee. B. The superintendent may issue a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the superintendent deems that the temporary license is necessary for the servicing of an insurance business in accordance with the Insurance Code. History: Laws 1984, ch. 127, § 183; 2016, ch. 89, § 12. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. For existing forms and filings, see notes following 59A-5-21 NMSA 1978. The 2016 amendment, effective July 1. 2017, authorized the superintendent of insurance to issue temporary insurance producer licenses without requiring an examination, and provided for the maximum duration of a temporary license; designated the language in the former section as Subsection A; in Subsection A, after "permanent license under", deleted "this article" and added "Chapter 59A, Article 11 NMSA 1978"; and added a new Subsection B. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-11-5 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-5 - Vending machine licenses.

A. Where licensing of insurance vending machines is otherwise provided for in the Insurance Code application for the license shall be made by the licensed agent or other person designated by law therefor, and filed with the superintendent on a form as prescribed and furnished by the superintendent. The application form may require, among other matters, information as to the kind of insurance and policies to be so offered, type of vending machine to be used, where the machine is to be located, how the public is to be informed as to the coverage offered and its limitations, and arrangements made or proposed for refund of money retained by defective vending machines when no policy is delivered to the proposed purchaser. B. The application shall be accompanied by the fee for filing application for vending machine license as prescribed in Section 101 [59A-6-1 NMSA 1978] (fee schedule) of the Insurance Code. History: Laws 1984, ch. 127, § 184. ANNOTATIONSCross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. For existing forms and filings, see notes following 59A-5-21 NMSA 1978.
NM Stat § 59A-11-7 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-7 - Character evaluation, criminal record.

The Criminal Offender Employment Act (28-2-1 to 28-2-6 NMSA 1978) shall govern any consideration of criminal record in connection with application for any license under this article. History: Laws 1984, ch. 127, § 186.
NM Stat § 59A-11-8 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-8 - Issuance or refusal to issue or renew license.

A. If the superintendent finds that the application is complete, that the applicant has passed all required examinations and is otherwise qualified for the license applied for, the superintendent shall promptly issue, or permit the issuance of, the license. B. If the superintendent denies an application for initial issuance or renewal of a license, the superintendent shall notify the applicant in writing and advise the applicant of the reason for the denial. C. Within thirty days of the date of issuance of the denial of an application for initial issuance or renewal of a license, the applicant may request in writing a hearing on the denial. The hearing shall be held within thirty days and shall be held pursuant to the requirements of the Insurance Code. D. The license of a business entity may be suspended, revoked or refused if the superintendent finds after hearing that an individual licensee's violation was known or should have been known by one or more of the partners, officers or managers acting on behalf of the partnership or corporation and the violation was neither reported to the superintendent nor corrective action taken. History: Laws 1984, ch. 127, § 187; 2003, ch. 306, § 2; 2011, ch. 127, § 6; 2016, ch. 89, § 14. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, provided procedures for denying an application for license and the process for suspending, revoking or refusing an existing license; in the catchline, deleted "refusal of", and added "or refusal to issue or renew"; designated the existing language from the former section as Subsection A; in Subsection A, deleted "Otherwise, the superintendent shall refuse to issue, or to permit the issuance of, the license and shall promptly notify the applicant and the appointing insurer, employer or principal, where applicable, of the refusal and state the grounds for refusal."; and added new Subsections B, C and D. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. The 2011 amendment, effective July 1, 2011, broadened the authority of the state treasurer to permit the issuance of licenses. The 2003 amendment, effective June 20, 2003 deleted "refundability of fees" from the section heading; and deleted the Subsection A designation and deleted Subsection B that concerned refund of fees.
NM Stat § 59A-11-11 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-11 - License and appointment continuation, expiration; staggered dates system.

The dates of continuation, expiration of licenses and appointments stated in Section 189 [59A-11-10 NMSA 1978] of this article notwithstanding, the superintendent may in his discretion and in order to apportion the work of the insurance department and others involved in licensing under this article reasonably throughout a period, by regulations duly promulgated fix the dates for continuance, renewal or expiration of licenses or appointments of the respective categories of licenses. No such change of date shall shorten the period covered by any license then existing and the superintendent may provide in such regulation for payment of a pro rata additional license or appointment fee to cover any extension of the period of the existing license to date of commencement of the new license period under the regulations. History: Laws 1984, ch. 127, § 190.
NM Stat § 59A-11-12 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-12 - Appointment of insurance producer; continuation.

A. An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed insurance producer of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. B. To appoint an insurance producer as its agent, the appointing insurer shall file in a format approved by the superintendent a notice of appointment within fifteen days from the date the agency contract is executed or the first insurance application is submitted. An insurer may also elect to appoint an insurance producer to all or some insurers within the insurer's holding company system or group by the filing of a single appointment request. C. Upon receipt of the notice of appointment, the superintendent shall verify within a reasonable time not to exceed thirty days that the insurance producer is eligible for appointment. If the insurance producer is determined to be ineligible for appointment, the superintendent shall notify the insurer within five days of its determination. D. An insurer shall pay a filing appointment fee in the amount and method of payment set forth in Section 59A-6-1 NMSA 1978 for each insurance producer appointed by the insurer. E. An insurer shall remit in a manner prescribed by the superintendent a continuation of appointment fee in the amount set forth in Section 59A-6-1 NMSA 1978. F. Appointments shall be continuous subject to payment of any applicable fees. Fees shall be calculated as of a date certain. History: Laws 1984, ch. 127, § 191; 2016, ch. 89, § 17. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, revised the procedures for the appointment of insurance producers and updated the language in the section; in the catchline, after "appointment of", deleted "agents" and added "insurance producer"; deleted former Subsections A, B and C, and added new Subsections A through F. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-11-15 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 11 - Licensing Procedures for Producers and Others|Section 59A-11-15 - Procedure for suspension, revocation or refusal to continue license.

A. If the superintendent denies an initial or renewal application for a license, the superintendent shall notify the applicant in writing and advise the applicant of the reason for the denial or non-renewal of the application. Within thirty days of the date of issuance of the denial of application for initial issuance or renewal of a license, the applicant may request in writing a hearing on the denial. The hearing shall be held within ninety days and shall be held otherwise pursuant to Section 59A-4-15 NMSA 1978. B. In addition to or in lieu of any applicable denial, suspension or revocation of a license, a person may, after hearing, be subject to an administrative fine according to Section 59A-1-18 NMSA 1978. C. The superintendent shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by this section against any person who is under investigation for or charged with a violation of this section even if the person's license or registration has been surrendered or has lapsed by operation of law. D. The state shall participate in the national association of insurance commissioners attachment warehouse personal information capture system alerts or another appropriate mechanism to monitor actions against existing licensees and take necessary action, when warranted based on the information obtained through such notifications. History: Laws 1984, ch. 127, § 194; 1978 Comp., § 59A-11-15, repealed and enacted by Laws 2016, ch. 89, § 20. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 20 repealed 59A-11-15 NMSA 1978, and enacted a new section, effective July 1, 2017. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.