N.M. Stat. » Chapter 59A — Insurance Code
New Mexico Statutes

N.M. Stat. § 59A-7-2 (2026)

Life and annuity

✓ current as of May 2026
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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History: Laws 1984, ch. 127, § 108; 1995, ch. 149, § 14; 1978 Comp., § 59A-7-2, repealed and reenacted by Laws 2016, ch. 89, § 5.

ANNOTATIONS

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 — Laws 2016, ch. 89, § 5 repealed former 59A-7-2 NMSA 1978, and enacted a new section, effective July 1, 2017.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.

Notes of Decisions
Cited in 2 cases, 1993–2016 · leading case: Hunt v. North Carolina Logistics, Inc., 193 F. Supp. 3d 1253 (D.N.M. 2016).
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Hunt v. North Carolina Logistics, Inc., 193 F. Supp. 3d 1253 (D.N.M. 2016). · cites it 2× “]” Letter Response at 5 (quoting N.M. Stat. Ann. § 59A-7-2)(emphasis- in Letter Response), The Letter Response then attempts to distinguish Atlantic Specialty’s cited eases, calling them' either wholly irrelevant or easily distinguishable.”
Variable Annuity Life Ins. v. Clarke, 998 F.2d 1295 (5th Cir. 1993). “§ 17:17-1(c) (1990); N.M.Stat. Ann. § 59A-7-2 (1988); N.Y.Ins.”
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