New Mexico Statutes 59A-9-19. Special investments of separate account funds
Current as of: 2024 | Check for updates
|
Other versions
The amounts allocated to each separate account established with respect to variable life insurance and variable annuity contracts shall be invested and, together with the accumulations thereon reinvested, as provided for by the respective such contracts and in accordance with the provisions of Section 395 [59A-20-30 N.M. Stat. Ann.] of the Insurance Code.
Terms Used In New Mexico Statutes 59A-9-19
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.