Legal Opinion
Western Investors Life Insurance v. New Mexico Life Insurance Guaranty
New Mexico Supreme Court
Decided October 17, 1983No. 14504PublishedCited by 33 opinions
1Opinion of the Court
OPINION
STOWERS, Justice.
This appeal arises from the liquidations of two defunct New Mexico insurance companies and involves the construction and application of the New Mexico Life Insurance Guaranty Act (the Act), NMSA 1978, Sections 59-22-1 through 59-22-17. Central to this decision is the exclusionary provision found in Section 59-22-13(F) which provides that:
The Life Insurance Guaranty Act shall not apply to any insurer which is insolvent or unable to fulfill its contractual obligations on the effective date of the act.
The Act became effective April 9, 1975. The appellee, the insurance…
2Cases cited9 opinions
- Tapia v. Panhandle Steel Erectors CompanyNew Mexico Supreme Court · 1967
- Wilson v. Employment Security CommissionNew Mexico Supreme Court · 1963
- Katz v. New Mexico Department of Human ServicesNew Mexico Supreme Court · 1981
- Totah Drilling Company v. AbrahamNew Mexico Supreme Court · 1958
- T.W.I.W., Inc. v. RhudyNew Mexico Supreme Court · 1981
4 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Roth v. ThompsonNew Mexico Supreme Court · 1992
- Regents of the University of New Mexico v. New Mexico Federation of TeachersNew Mexico Supreme Court · 1998
- Dewitt v. Rent-A-Center, Inc.New Mexico Supreme Court · 2009
- Genesee County Employees' Retirement System v. Thornburg Mortgage Securities TrustDistrict Court, D. New Mexico · 2011
- Boone v. StateNew Mexico Supreme Court · 1986
28 more not listed; retrieve them via the Exa API.