N.M. Stat. § 59A-5-17
Insuring powers without added basic capital.
An insurer while authorized to transact property insurance may include in
"homeowners" and similar package policies insuring property against loss, reasonable
amounts of supplemental liability and medical benefits coverage without being
authorized to transact casualty or health insurances; and such supplemental coverages
shall not be deemed otherwise to be subject to provisions of the Insurance Code
relating to casualty or health insurance contracts.