LegalFix
Sign In

Section 59A-41-46 - Report for assessment; domestic mutual, reciprocal insurers.

NM Stat § 59A-41-46 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Within three (3) years from the date an order of rehabilitation or liquidation of a domestic mutual insurer or domestic reciprocal insurer was filed in the office of the clerk of the court by which such order was made, the superintendent may make a report to the court setting forth:

A. the reasonable value of the assets of the insurer;

B. the insurer's probable liabilities; and

C. the probable necessary assessment, if any, to pay all claims and expenses in full, including expenses of administration.

History: Laws 1984, ch. 127, § 738.

Previous Section
Section 59A-41-45.1 - Recovery from affiliates.
Next Section
Section 59A-41-47 - Levy of assessment; domestic mutual, reciprocal insurers.