2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 44: Fraternal Benefit Societies, 59A-44-1 through 59A-44-46
Section 59A-44-34: Unfair methods of competition and unfair and deceptive acts and practices.
59A-44-34. Unfair methods of competition and unfair and deceptive acts and practices.
Every society authorized to do business in this state shall be subject to the provisions of Chapter 59A, Article 16 NMSA 1978 relating to trade practices and frauds; provided, however, that nothing in such provisions shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation.
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