N.M. Stat. § 59A-10-7
Insurer's rights during solvency.
A. So long as the insurer remains solvent and is in compliance with the Insurance
Code it may:
(1)
demand, receive, and sue for and recover the income from the assets
deposited;
(2)
exchange and substitute eligible assets of equivalent or greater fair market
value for the deposited assets; and
(3)
at any reasonable time inspect any such deposit.
B. The superintendent may prescribe or approve reasonable arrangements and
safeguards under which a solvent insurer may sell a particular deposited asset,
immediately reinvest the proceeds of such sale in other assets eligible for deposit under
this article, and deposit such other assets in lieu of that sold, in absence of excess
deposit of the insurer adequate to cover such exchange.