2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 55 Risk Retention and Purchasing Groups
Section 59A-55-11 Prohibited acts regarding solicitation or sale.
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.
History: Laws 1988, ch. 125, 11.
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