Section 59A-43-3

Section 59A-43-3 - Scope.

NM Stat § 59A-43-3 (2019) (N/A)

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A. This article applies to all kinds of direct insurance except life, health, annuities, title guaranty, surety (other than fidelity), credit, mortgage guaranty, ocean marine, surplus line and other coverages written by insurers other than authorized insurers or written by Mexican casualty insurers pursuant to Article 40 [Chapter 59A, Article 40 NMSA 1978] of the Insurance Code.

B. This article also does not apply as to motor club coverages or services nor as to any coverage issued by any person not organized under laws providing expressly for formation of insurers nor engaged in business as such an insurer.

History: Laws 1984, ch. 127, § 769.

Self-insured employer claiming against insolvent insurer. — A self-insured employer who has a claim against an insolvent insurer may qualify such claim as a covered claim within the scope of this article. In re Mission Ins. Co., 1991-NMSC-080, 112 N.M. 433, 816 P.2d 502.

Excess workers' compensation insurance policies are not reinsurance policies or indemnity policies excluded from the Property and Casualty Insurance Guaranty Law (this article). In re Mission Ins. Co., 1991-NMSC-080, 112 N.M. 433, 816 P.2d 502.

Excess workers' compensation policies are not excepted from coverage under 59A-43-4C NMSA 1978. In re Mission Ins. Co., 1991-NMSC-080, 112 N.M. 433, 816 P.2d 502.

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Section 59A-43-2 - Purpose.

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Section 59A-43-4 - Definitions.