New Mexico § 59A-17-20 Suspension, revocation of license

New Mexico Statutes

§ 59A-17-20 — Suspension, revocation of license

New Mexico § 59A-17-20

Ch. 59AInsurance Code

Art. 17Insurance Rates and Rating

This text of New Mexico § 59A-17-20 (Suspension, revocation of license) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 59A-17-20 (2026).

Text

The superintendent shall promptly revoke the license of an advisory organization if it ceases business or withdraws from this state, and the superintendent may suspend or revoke the license if the superintendent finds after a hearing that: A. the organization no longer meets the qualifications for licensing; or B. the organization has failed to file amended documents as required under Section 59A-17-19 NMSA 1978, or has violated or failed to comply with any other material requirement of the Insurance Rate Regulation Law or any other law.

Free access — add to your briefcase to read the full text and ask questions with AI

The superintendent shall promptly revoke the license of an advisory organization if it ceases business or withdraws from this state, and the superintendent may suspend or revoke the license if the superintendent finds after a hearing that: A. the organization no longer meets the qualifications for licensing; or B. the organization has failed to file amended documents as required under Section 59A-17-19 NMSA 1978, or has violated or failed to comply with any other material requirement of the Insurance Rate Regulation Law or any other law.