N.M. Stat. § 59A-9-17
Current through 2024, ch. 69
An insurer may invest in share or savings accounts of state or federal savings and loan or building and loan associations, or in time certificates issued by any such association, and in any one such institution only to the extent that the investment is insured by the Federal Savings and Loan Insurance Corporation or similar federal agency.
NMS § 59A-9-17