§ 59A-12D-1 Short title
§ 59A-12D-2 Definitions
§ 59A-12D-3 Licensure
§ 59A-12D-4 Required contract provisions; reinsurance intermediary- brokers
§ 59A-12D-5 Books and records; reinsurance intermediary-brokers
§ 59A-12D-6 Duties of insurers utilizing the services of a reinsurance intermediary-broker
§ 59A-12D-7 Required contract provisions; reinsurance intermediary- managers
§ 59A-12D-8 Prohibited acts
§ 59A-12D-9 Duties of reinsurers utilizing the services of a reinsurance intermediary-manager
§ 59A-12D-10 Examination authority
§ 59A-12D-11 Penalties and liabilities
§ 59A-12D-12 Effective date

Terms Used In New Mexico Statutes > Chapter 59A > Article 12D - Reinsurance Intermediaries

  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Service of process: The service of writs or summonses to the appropriate party.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.