New Mexico § 59A-49-7 May not enforce contract sold in violation; insurer may

New Mexico Statutes

§ 59A-49-7 — May not enforce contract sold in violation; insurer may

New Mexico·Ch. 59A Insurance Code·Art. 49 Prearranged Funeral Plans

not pay to restricted persons without consent.

A.No person may enforce in any court of this state any asserted obligation of a purchaser of a funeral plan sold in violation of this article.

B.No authorized insurer shall pay or permit to be paid any money accruing as a benefit of a policy to any person restricted from selling funeral plans under Subsection A of Section 903 [59A-49-5 NMSA 1978] of this article without the written consent of the person or persons entitled to such benefit after accrual thereof.

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not pay to restricted persons without consent. A. No person may enforce in any court of this state any asserted obligation of a purchaser of a funeral plan sold in violation of this article. B. No authorized insurer shall pay or permit to be paid any money accruing as a benefit of a policy to any person restricted from selling funeral plans under Subsection A of Section 903 [59A-49-5 NMSA 1978] of this article without the written consent of the person or persons entitled to such benefit after accrual thereof.

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