N.M. Stat. Ann. § 42-10-5 :
� 42-10-5. Life insurance proceeds exempt; exceptions
The proceeds of any life insurance are not subject to the debts of the deceased, except by special contract or arrangement, to be made in writing.
Last Amended: 1889
1953
History: C.L. 1884, § 1422, substituted by Laws 1889, ch. 90, § 21; C.L. 1897, § 2042; Code 1915, § 2316; C.S. 1929, § 48-106; 1941 Comp., § 21-505; 1953 Comp., § 24-5-5.