2023 New Mexico Statutes › Chapter 59A - Insurance Code › Article 7 - Kinds of Insurance; Limits of Risk; Reinsurance › Section 59A-7-7 - Variable life and annuity.

Variable life and annuity includes:
A. variable deferred annuity;
B. variable immediate annuity;
C. variable life; and
D. similar products relating to variable life and annuity matters.
History:
Laws 1984, ch. 127, § 113; 1978 Comp., § 59A-7-7, repealed and reenacted by Laws 2016, ch. 89, § 9.
ANNOTATIONS
Cross references.
— For the Insurance Code,
see
59A-1-1 NMSA 1978 and notes thereto.
Repeals and reenactments.
— Laws 2016, ch. 89, § 9 repealed 59A-7-7 NMSA 1978, and enacted a new section, effective July 1, 2017.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.
Punitive damages.
— Unless specifically excluded by the insurance agreement, automobile insurance contracts may be interpreted to cover liability for punitive damages.
Baker v. Armstrong
, 1987-NMSC-101, 106 N.M. 395, 744 P.2d 170.
Coverage for domestic partners.
— Because there is no express statutory language or indication of legislative intent in New Mexico that domestic partners must be included in the definition of family member for purposes of automobile insurance coverage, excluding domestic partners from the definition family member is not invalid as contrary to the public policy of the state of New Mexico.
Hartford Ins. Co. v. Cline
, 2006-NMSC-033, 140 N.M. 16, 139 P.3d 176.
Law reviews.
— For annual survey of New Mexico insurance law, 19 N.M.L. Rev. 717 (1990).
Am. Jur. 2d, A.L.R. and C.J.S. references. —
Injury or death caused by assault as within coverage of no-fault motor vehicle insurance, 44 A.L.R.4th 1010.
Consortium claim of spouse, parent or child of accident victim as within extended "per accident" coverage rather than "per person" coverage of automobile liability policy, 46 A.L.R.4th 735.
Uninsured motorist coverage: injuries to motorcyclists as within affirmative or exclusionary terms of automobile insurance policy, 46 A.L.R.4th 771.
Automobile liability insurance policy flight from police exclusion: validity and effect, 49 A.L.R.4th 325.
Validity, under insurance statutes, of coverage exclusion for injury to or death of insured's family or household members, 52 A.L.R.4th 18.
What constitutes use of vehicle "in the automobile business" within exclusionary clause of liability policy, 56 A.L.R.4th 300.
What constitutes "entering" or "alighting from" vehicle within meaning of insurance policy, or statute mandating insurance coverage, 59 A.L.R.4th 149.
What constitutes single accident or occurrence within liability policy limiting insurer's liability to a specified amount per accident or occurrence, 64 A.L.R.4th 668.
Automobile insurance: umbrella or catastrophe policy automobile liability coverage as affected by primary policy "other insurance" clause, 67 A.L.R.4th 14.
What constitutes theft within automobile theft insurance policy - modern cases, 67 A.L.R.4th 82.
"Excess" or "umbrella" insurance policy as providing coverage for accidents with uninsured or underinsured motorists, 2 A.L.R.5th 922.
Event triggering liability insurance coverage as occurring within period of time covered by liability insurance policy where injury or damage is delayed - modern cases, 14 A.L.R.5th 695.
Uninsured or underinsured motorist insurance: validity and construction of policy provision purporting to reduce recovery by amount of social security disability benefits or payments under similar disability benefits law, 24 A.L.R.5th 766.
Uninsured and underinsured motorist coverage: validity, construction and effect of policy provision purporting to reduce coverage by amount paid or payable under workers' compensation law, 31 A.L.R.5th 116.
Automobile insurance coverage for drive-by shootings and other incidents involving the intentional discharge of firearms from moving motor vehicles, 41 A.L.R.5th 91.
No-fault insurance coverage for injury or death of insured occurring during carjacking or attempted carjacking, 42 A.L.R.5th 727.
Duty of liability insurer to initiate settlement negotiations, 51 A.L.R.5th 701.
Requirement that multicoverage umbrella insurance policy offer uninsured or underinsured motorist coverage equal to liability limits under umbrella provisions, 52 A.L.R. 5th 451.
What constitutes use of automobile 'to carry persons or property for fee' within exclusion of automobile insurance policy, 57 A.L.R.5th 591.
44 C.J.S. Insurance § 8.