Life and annuity includes:
A. fixed annuity;
B. immediate annuity;
C. deferred annuity;
D. equity-indexed annuity;
E. endowment;
F. term life;
G. universal life;
H. whole life;
I. credit life; and
J. similar products relating to life and annuity matters.
History: Laws 1984, ch. 127, § 108; 1995, ch. 149, § 14; 1978 Comp., § 59A-7-2, repealed and reenacted by Laws 2016, ch. 89, § 5.
Repeals and reenactments. — Laws 2016, ch. 89, § 5 repealed former 59A-7-2 NMSA 1978, and enacted a new section, effective July 1, 2017.
Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
The 1995 amendment, effective June 16, 1995, added "as defined in Section 59A-20-2 NMSA 1978" at the end of the first sentence and inserted "health insurance, as defined in Section 59A-7-3 NMSA 1978" in the second sentence.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance §§ 530 to 532.
Accident or life insurance: death by autoerotic asphyxiation as accidental, 62 A.L.R.4th 823.
44 C.J.S. Insurance § 8 et seq.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.