§ 59A-8A-1 Short title
§ 59A-8A-2 Definitions
§ 59A-8A-3 Reserve valuation
§ 59A-8A-4 Actuarial opinion prior to operative date of valuation manual
§ 59A-8A-5 Actuarial opinion after operative date of valuation manual
§ 59A-8A-6 Rule-based reserve valuation methods
§ 59A-8A-7 Minimum standards for accident and health insurance contracts
§ 59A-8A-8 Valuation manual for policies issued on or after operative date of valuation manual
§ 59A-8A-9 Requirements of a principle-based valuation
§ 59A-8A-10 Experience reporting for policies in force on or after operative date of valuation manual
§ 59A-8A-11 Confidentiality
§ 59A-8A-12 Single state exemption

Terms Used In New Mexico Statutes > Chapter 59A > Article 8A - Standard Valuation

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fraud: Intentional deception resulting in injury to another.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • 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.
  • 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.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.