2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 14 - Surplus Line Insurance
Section 59A-14-18 - Violations and penalties.
59A-14-18. Violations and penalties.
In addition to any suspension, revocation or refusal to continue license of a surplus line broker provided for under Article 11 [Chapter 59A, Article 11 NMSA 1978] (licensing procedures) of the Insurance Code, and penalties otherwise provided, any surplus line broker who wilfully fails to report to the superintendent any insurance on subject matter located within this state and exported by him, or who by wilful omission from records required to be maintained attempts to evade payment of taxes on such insurance, shall pay the tax together with penalty equal to the amount of the tax, and upon conviction thereof shall be guilty of a misdemeanor punishable by a fine not to exceed five hundred dollars ($500).
History: Laws 1984, ch. 127, 256.
