New Mexico § 59A-59A-8 Enforcement and penalties

New Mexico Statutes

§ 59A-59A-8 — Enforcement and penalties

New Mexico § 59A-59A-8

Ch. 59AInsurance Code

Art. 59APrescription Drug Price Transparency

This text of New Mexico § 59A-59A-8 (Enforcement and penalties) 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-59A-8 (2026).

Text

A. A manufacturer, pharmacy services administrative organization, authorized health insurer or pharmacy benefits manager may be subject to a penalty imposed by the superintendent in accordance with Section 59A-1-18 NMSA 1978 for:

(1)failing to submit information or data;

(2)failing to submit information or data on time; or (3) providing inaccurate or incomplete information or data. B. The superintendent may audit the data submitted to the superintendent by a manufacturer, pharmacy services administrative organization, authorized health insurer or pharmacy benefits manager in a form and manner specified by the superintendent. The entity that submitted the data shall pay all costs associated with the audit.

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A. A manufacturer, pharmacy services administrative organization, authorized health insurer or pharmacy benefits manager may be subject to a penalty imposed by the superintendent in accordance with Section 59A-1-18 NMSA 1978 for: (1) failing to submit information or data; (2) failing to submit information or data on time; or (3) providing inaccurate or incomplete information or data. B. The superintendent may audit the data submitted to the superintendent by a manufacturer, pharmacy services administrative organization, authorized health insurer or pharmacy benefits manager in a form and manner specified by the superintendent. The entity that submitted the data shall pay all costs associated with the audit.