2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 12 Insurance Agents, Brokers and Solicitors
Section 59A-12-11 No license where shares or interest used as inducement to insurance.
59A-12-11. No license where shares or interest used as inducement to insurance.
The superintendent shall not license as agent, broker or solicitor, or permit any such license to continue in force, if the superintendent finds that the licensee did, or that the applicant for license probably will offer, give or sell stock or other ownership or participating interest in the agency or brokerage as inducement to or in connection with purchase of insurance.
History: Laws 1984, ch. 127, 212.
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