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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 17 - Insurance Rates and Rating
Section 59A-17-26 - Binding agreements by insurers.
Universal Citation: NM Stat § 59A-17-26 (2017)
59A-17-26. Binding agreements by insurers.
No insurer shall assume an obligation to a person other than a policyholder or other insurers that with it are under common control or management or are members of a joint underwriting organization subject to the provisions of Section 59A-17-25 NMSA 1978, to use or adhere to certain rates or rules, and no other person shall impose a penalty or other adverse consequence for failure of an insurer to adhere to certain rates or rules except as to action by the superintendent in enforcement of Section 59A-17-12 NMSA 1978.
History: Laws 1984, ch. 127, 321; 2007, ch. 367, 26.
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