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Form a Business

Participation

NMSA 1978, § 59A-29-3
in effect
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59A-29-3. Participation Each insurer authorized to write and writing essential property insurance in New Mexico shall be required to become and remain a member of the FAIR plan and the underwriting association and comply with the requirements thereof as a condition of its authority to transact property insurance business. As a prerequisite to such authority to transact property insurance business each insurer shall automatically subscribe to the articles of agreement on file in the superintendent's office. 1978 Comp., § 59A-29-3, enacted by Laws 1985, ch. 61, § 3.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-29-3Fetched: 10/20/2026

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