1. The New Mexico Superintendent of Insurance is generally authorized to do all of the following EXCEPT:

Personally guarantee payment of an insurer's claims

The Superintendent regulates and enforces the insurance code but does not personally guarantee an insurer's claims.

2. How often does New Mexico law generally authorize the Superintendent to conduct a financial examination of a domestic insurer?

At least once within the period set by statute

The Superintendent must periodically examine domestic insurers' financial condition within the timeframe the statute requires.

3. A New Mexico licensee who receives notice of a contemplated license revocation is generally entitled to:

Notice and an opportunity for a hearing

Due process under the insurance code entitles the licensee to notice and an opportunity to be heard before adverse action is final.

4. An insurer organized under the laws of another U.S. state but transacting business in New Mexico is classified as a:

Foreign insurer

A foreign insurer is one formed in another U.S. state; an alien insurer is formed in another country.