New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 3 - INSURANCE SECURITIES
Part 5 - REGISTRATION OF INSURANCE SECURITIES
Section 13.3.5.13 - SALE OF INSURANCE SECURITIES WITH NON-LICENSED INSURER
Universal Citation: 13 NM Admin Code 13.3.5.13
Current through Register Vol. 35, No. 18, September 24, 2024
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.
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