New Mexico Statutes

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

New Mexico·Ch. 59A Insurance Code·Art. 17 Insurance Rates and Rating
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.

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Legislative History

Laws 1984, ch. 127, § 316; 2007, ch. 367, § 22.

Nearby Sections

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