New Mexico § 59A-62-11 Penalties

New Mexico Statutes

§ 59A-62-11 — Penalties

New Mexico § 59A-62-11

Ch. 59AInsurance Code

Art. 62Self-Service Storage Insurance License

This text of New Mexico § 59A-62-11 (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-62-11 (2026).

Text

After notice and hearing by the superintendent, the superintendent may impose by administrative penalty upon a person who violates a provision of the Self-Service Storage Insurance License Act the following: A. a fine not to exceed one thousand dollars ($1,000) per violation and not to exceed a total of ten thousand dollars ($10,000); B. suspension of transacting self-service storage insurance at specific locations where violations have occurred; C. suspension or revocation of the rights of individual employees or authorized representatives of a self-service storage insurance producer to act under the license; or D. suspension or revocation of the self-service storage insurance producer's or supervising entity's license to transact insurance in this state.

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After notice and hearing by the superintendent, the superintendent may impose by administrative penalty upon a person who violates a provision of the Self-Service Storage Insurance License Act the following: A. a fine not to exceed one thousand dollars ($1,000) per violation and not to exceed a total of ten thousand dollars ($10,000); B. suspension of transacting self-service storage insurance at specific locations where violations have occurred; C. suspension or revocation of the rights of individual employees or authorized representatives of a self-service storage insurance producer to act under the license; or D. suspension or revocation of the self-service storage insurance producer's or supervising entity's license to transact insurance in this state.