Domestic Stock and Mutual Insurers
State of New Mexico
59A-34-1Scope of article59A-34-2Application of general corporation statutes59A-34-3Insurance business exclusive; exceptions59A-34-4Incorporation59A-34-5Filing, recording of articles; authority to raise capital or transact insurance required59A-34-6Amendment of articles of incorporation59A-34-7Nonuser of corporate charter59A-34-8Prohibited interest of officers, directors and employees in certain transactions59A-34-9Salaries of officers, directors59A-34-10Records and accounts59A-34-11Vouchers for expenditures59A-34-12Assets to be kept in state; exceptions59A-34-13Removal, concealment of records, assets59A-34-14Information to stockholders and proxy regulations59A-34-15Information in advance of stockholder meetings59A-34-16Solicitation of proxies59A-34-17Management, compensation and agency contracts59A-34-18Dividends to stockholders59A-34-19Participating policies59A-34-20Dividends to policyholders59A-34-21Illegal dividends; penalty59A-34-22Purchase of own shares by stock insurer59A-34-23Borrowed capital funds59A-34-24Mutual membership59A-34-25Mutual members, corporate rights59A-34-26Mutual insurer bylaws59A-34-27Mutual members, quorum59A-34-28Mutual members, contingent liability59A-34-29Mutual members, levy of contingent liability59A-34-30Mutual members, enforcement of contingent liability59A-34-31Mutual insurers; nonassessable policies59A-34-32Prohibited transactions59A-34-33Unauthorized business in other states59A-34-34Mutualization of stock insurer59A-34-35Conversion to ordinary business corporation59A-34-36Merger, consolidation of stock insurers59A-34-37Preservation of old charter in merger, consolidation59A-34-38Merger, consolidation of mutual insurers59A-34-39Conversion of mutual to stock insurer59A-34-40Bulk reinsurance59A-34-41Bulk reinsurance; fees and commissions59A-34-42Expense to be borne by parties59A-34-43Mutual member's share of assets on liquidation59A-34-44Material transactions; report59A-34-45Acquisition and disposition of assets; materiality; scope; reporting requirements59A-34-46Nonrenewals, cancellations or revisions of ceded reinsurance programs; materiality; scope; reporting requirements