N.M. Stat. § 59A-41-10

§ 59A-41-10. “Impairment” defined

Year: 2026Length: 179 words
“Impairment” exists as to: A. a stock, mutual, reciprocal, or foreign Lloyds insurer, when its basic capital is less than that required to be maintained by it under Section 83 of the Insurance Code; B. a domestic Lloyds insurer, when its surplus is less than as required under Section 83 or Article 38 of the Insurance Code; C. a nonprofit health care plan, when its assets are in amount less than the sum of its required trust deposit, required reserves and other liabilities; D. a prepaid dental care plan, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities; E. a motor club, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities; and F. any other corporation, when its assets are in amount less than the sum of its surplus required, if any, to be maintained, its paid-in capital stock, if any, and its other liabilities.
N.M. Stat. § 59A-41-10: § 59A-41-10. “Impairment” defined | Justis AI