New Mexico Statutes
§ 59A-12-11 — No license where shares or interest used as inducement
to insurance. The superintendent shall not license as an insurance producer, or permit any such license to continue, if the superintendent finds that the licensee did, or that the applicant for license intends to offer, give or sell stock or other ownership or participating interest in the agency or brokerage as inducement to or in connection with purchase of insurance.
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New Mexico § 59A-12-11 (No license where shares or interest used as inducement) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Laws 1984, ch. 127, § 212; 2016, ch. 89, § 30.
Nearby Sections
15
§ 59A-1-1
Short title§ 59A-1-10
"Person"; "individual"§ 59A-1-11
"State"§ 59A-1-12
Superintendent§ 59A-1-13
"Transacting insurance"§ 59A-1-14
Compliance required§ 59A-1-16
Exempted from code§ 59A-1-17
Particular provisions prevail§ 59A-1-18
General penalty§ 59A-1-2
Definitions§ 59A-1-3
"Insurance Code"§ 59A-1-4
Repealed§ 59A-1-5
"Insurance"