N.M. Admin. Code § 13.2.2.9
Current through Register Vol. 35, No. 21, November 5, 2024
In determining the adequacy and reasonableness of an insurer's surplus, no single factor is necessarily controlling. The superintendent will consider the net effect of all factors set forth in Section 59A-37-21 NMSA 1978 and other factors bearing on the financial condition of the insurer. In comparing the surplus maintained by other insurer's, the superintendent will consider the extent to which each of these factors varies from company to company. In determining the quality and liquidity of investments in subsidiaries, the superintendent will consider the individual subsidiary and may discount or disallow its valuation to the extent that individual investments so warrant.
N.M. Admin. Code § 13.2.2.9