N.M. Admin. Code § 13.2.4.9

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.2.4.9 - MANNER OF HOLDING DEPOSITS

All deposit accounts shall be held in the designated depository in the name of the "superintendent of insurance of the state of New Mexico, custodian for (name) insurance company (general/special/other deposit account)". Securities deposited in the account may be held:

A. in "book entry" form in depository's account with the federal reserve;

B. in nominee name of depository, depository's corresponding bank, or the clearing corporation retained by depository; or

C. in the account name specified above.

N.M. Admin. Code § 13.2.4.9

8/24/87; 13.2.4.9 NMAC - Rn, 13 NMAC 2.4.9, 6/14/07