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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 23A - Long-Term Care Insurance
Section 59A-23A-10 - Penalties.
Universal Citation: NM Stat § 59A-23A-10 (2017)
59A-23A-10. Penalties.
In addition to any other penalties provided by the laws of this state, any insurer and any agent found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to ten thousand dollars ($10,000), whichever is greater.
History: 1978 Comp., 59A-23A-10, enacted by Laws 1993, ch. 126, 14.
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