New Mexico Statutes > Chapter 59A > Article 12C – Broker Controlled Insurers
Current as of: 2023 | Check for updates
|
Other versions
| § 59A-12C-1 | Short title |
| § 59A-12C-2 | Definitions |
| § 59A-12C-3 | Applicability |
| § 59A-12C-4 | Minimum standards |
| § 59A-12C-5 | Disclosure |
| § 59A-12C-6 | Penalties |
| § 59A-12C-7 | Effective date |
Terms Used In New Mexico Statutes > Chapter 59A > Article 12C - Broker Controlled Insurers
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- Fiduciary: A trustee, executor, or administrator.
- 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.