# N.M. Stat. § 59A-41-10: “Impairment” defined

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-10

## Section

- **Citation:** N.M. Stat. § 59A-41-10
- **Heading:** “Impairment” defined
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 59A / Article 41 / Section 59A-41-10

## Text

“Impairment” exists as to:

A. a stock, mutual, reciprocal, or foreign Lloyds insurer, when its basic capital is less than that required to be maintained by it under Section 83 of the Insurance Code;

B. a domestic Lloyds insurer, when its surplus is less than as required under Section 83 or Article 38 of the Insurance Code;

C. a nonprofit health care plan, when its assets are in amount less than the sum of its required trust deposit, required reserves and other liabilities;

D. a prepaid dental care plan, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities;

E. a motor club, when its assets are in amount less than the sum of its required bond or deposit in lieu thereof, its required reserves, and its other liabilities; and

F. any other corporation, when its assets are in amount less than the sum of its surplus required, if any, to be maintained, its paid-in capital stock, if any, and its other liabilities.

## Nearby sections

- [N.M. Stat. § 59A-41-1 § 59A-41-1. Short title](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-1.md)
- [N.M. Stat. § 59A-41-2 § 59A-41-2. Scope of article](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-2.md)
- [N.M. Stat. § 59A-41-3 § 59A-41-3. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-3.md)
- [N.M. Stat. § 59A-41-4 § 59A-41-4. “Ancillary state” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-4.md)
- [N.M. Stat. § 59A-41-5 § 59A-41-5. “Creditor” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-5.md)
- [N.M. Stat. § 59A-41-6 § 59A-41-6. “Delinquency proceeding” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-6.md)
- [N.M. Stat. § 59A-41-7 § 59A-41-7. “Domiciliary state” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-7.md)
- [N.M. Stat. § 59A-41-8 § 59A-41-8. “Foreign country” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-8.md)
- [N.M. Stat. § 59A-41-9 § 59A-41-9. “General assets” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-9.md)
- [N.M. Stat. § 59A-41-10 § 59A-41-10. “Impairment” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-10.md)
- [N.M. Stat. § 59A-41-11 § 59A-41-11. “Insolvency” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-11.md)
- [N.M. Stat. § 59A-41-12 § 59A-41-12. “Preferred claim” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-12.md)
- [N.M. Stat. § 59A-41-13 § 59A-41-13. “Receiver” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-13.md)
- [N.M. Stat. § 59A-41-14 § 59A-41-14. “Reciprocal state” defined](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A41_S59A-41-10. Check the current official text before relying on it. Not legal advice.