New Mexico Statutes

§ 59A-60-6 — Penalties; suspension or revocation of license

New Mexico·Ch. 59A Insurance Code·Art. 60 Portable Electronics Insurance

A person who violates any provision of the Portable Electronics Insurance Act may, after notice and hearing, be subject to: A. fines not to exceed one thousand dollars ($1,000) per violation and not to exceed a total of ten thousand dollars ($10,000); or B. as the superintendent deems necessary:

(1)suspension of the privilege of transacting portable electronics insurance at specific locations where violations have occurred; or (2) suspension or revocation of the ability of individual employees or authorized representatives of a vendor to act under the license.

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Legislative History

Laws 2013, ch. 140, § 9.

Nearby Sections

15
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