N.M. Stat. § 59A-46-12
Investments.
With the exception of investments made in accordance with Paragraph (1) of
Subsection A of Section 59A-46-5 NMSA 1978, the funds of a health maintenance
organization shall be invested only in accordance with Chapter 59A, Article 9 NMSA
1978 and such regulations as the superintendent may promulgate consistent with that
article and the provisions of the Health Maintenance Organization Law.