§ 59A-37-8. Exemptions

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NM Code › Chapter 59A › Article 37 › Section 59A-37-8

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

Sections 619 through 621 of this article shall not apply to:

A. any transaction which is subject to the provisions of Sections 582 and 585 of the Insurance Code dealing with the merger, consolidation or conversion of insurers; or

B. any offer, request, invitation, agreement or acquisition which the superintendent by order shall exempt therefrom as:

(1) not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or

(2) as otherwise not comprehended within the purpose of Sections 619 through 621 of this article.

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