New Mexico Statutes 59A-19-3. Definitions
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For the purposes of this article:
Terms Used In New Mexico Statutes 59A-19-3
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A. “issuer” means the insurer, fraternal benefit society, nonprofit health service corporation, prepaid health plan, dental care plan, vision care plan, pharmaceutical plan, health maintenance organization or other organization referred to in Subsection A of Section 359 [59A-19-2 N.M. Stat. Ann.] of this code; and
B. “policy” means any policy, group certificate, benefit or service contract, plan or agreement referred to in Subsection A of Section 359 of this code.