§ 59A-1-1 Short title
§ 59A-1-2 Definitions
§ 59A-1-3 “Insurance Code”
§ 59A-1-5 “Insurance”
§ 59A-1-7 Insurance department
§ 59A-1-8 “Insurer”; “authorized insurer”
§ 59A-1-8.1 Multiple employer welfare arrangement
§ 59A-1-8.2 Deliver or delivery; definition
§ 59A-1-9 “New Mexico”
§ 59A-1-10 “Person”; “individual”
§ 59A-1-11 “State”
§ 59A-1-12 Superintendent
§ 59A-1-13 “Transacting insurance”
§ 59A-1-14 Compliance required
§ 59A-1-15 Application of the code as to particular types of insurers, organization or subjects
§ 59A-1-16 Exempted from code
§ 59A-1-16.1 Charitable gift annuities; exempt from regulation as insurance company
§ 59A-1-17 Particular provisions prevail
§ 59A-1-18 General penalty

Terms Used In New Mexico Statutes > Chapter 59A > Article 1 - Insurance Code

  • 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.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • 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.
  • Donor: The person who makes a gift.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.