N.M. Stat. § 59A-5-17

Current through 2024, ch. 69
Section 59A-5-17 - Insuring powers without added basic capital

An insurer while authorized to transact property insurance may include in "homeowners" and similar package policies insuring property against loss, reasonable amounts of supplemental liability and medical benefits coverage without being authorized to transact casualty or health insurances; and such supplemental coverages shall not be deemed otherwise to be subject to provisions of the Insurance Code relating to casualty or health insurance contracts.

NMS § 59A-5-17

Laws 1984, ch. 127, § 84.