No risk retention group shall be allowed to do business in this state if an insurance company is directly or indirectly a member or owner of such risk retention group, other than in the case of a risk retention group all of whose members are insurance companies. History: Laws 1988, ch. 125, § 12.
Prohibition on ownership by an insurance company
NMSA 1978, § 59A-55-12 — under Article 55.
NMSA 1978, § 59A-55-12