There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 55: Risk Retention and Purchasing Groups, 59A-55-1 through 59A-55-26
Section 59A-55-11: Prohibited acts regarding solicitation or sale.
NM Stat § 59A-55-11 (1996 through 1st Sess 50th Legis) What's This?
59A-55-11. Prohibited acts regarding solicitation or sale.
The following acts by a risk retention group are prohibited:
A. the solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and
B. the solicitation or sale of insurance by, or operation of, a risk retention group that is in hazardous financial condition or financially impaired.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
