N.M. Admin. Code § 13.3.5.13

Current through Register Vol. 35, No. 24, December 23, 2024
Section 13.3.5.13 - SALE OF INSURANCE SECURITIES WITH NON-LICENSED INSURER

Any insurer not presently holding a certificate of authority to transact insurance in the state of New Mexico shall not sell or offer to sell in the state its securities unless in addition to the registration requirements it provides to the superintendent of insurance proof that it would be able to qualify for a certificate of authority to transact insurance in the state. Such proof shall consist of the filing of such financial and biographical information as would be required by an insurer seeking to be licensed in this state.

N.M. Admin. Code § 13.3.5.13

12/1/85; Recompiled 11/30/01