There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 59A - Insurance Code
Article 60 - Portable Electronics Insurance
Section 59A-60-6 - Penalties; suspension or revocation of license. (2013)
NM Stat § 59A-60-6 (2013) What's This?
59A-60-6. Penalties; suspension or revocation of license. (2013)
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.
History: Laws 2013, ch. 140, § 9.
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