Current as of May 06, 2021 | Updated by FindLaw Staff
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A. A reciprocal insurer may, upon qualifying therefor as provided for by the Insurance Code, transact any kind or kinds of insurance defined by the Insurance Code other than life or title insurances.
B. Such an insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any kind of insurance it is authorized to transact direct.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-39-3. Insuring powers of reciprocals - last updated May 06, 2021 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-39-3.html
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