New Mexico Statutes 59A-2-3. Superintendent; qualifications and bond
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The superintendent shall:
Terms Used In New Mexico Statutes 59A-2-3
- 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. be bonded as provided in the Surety Bond Act N.M. Stat. Ann. § 10-2-13 to 10-2-16;
B. not have a direct financial interest in an insurer, insurance agency or insurance transaction except as a policyholder or a claimant under a policy or as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; and
C. not have a spouse who:
(1) has a direct financial interest in an insurer or insurance agency regulated by the office of superintendent of insurance, except as an owner of less than one percent of the shares of an insurer that is a publicly traded corporation; or
(2) is licensed as an individual by the office of superintendent of insurance.