2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 50 - Motor Clubs
Section 59A-50-9 - Suspension, revocation or refusal to continue certificate of authority.
59A-50-9. Suspension, revocation or refusal to continue certificate of authority.
The superintendent may suspend, revoke, or refuse to continue the certificate of authority of a motor club upon finding, after notice and opportunity for hearing, that the motor club has:
A. violated any provision of this article;
B. failed to maintain the standards required for issuance of its original certificate of authority as specified in this article;
C. become insolvent;
D. liabilities in excess of its assets;
E. engaged in one or more fraudulent or deceptive acts; or
F. entered into a service contract the form of which has not been filed with the superintendent, or containing language, condition or requirement prohibited by the superintendent pursuant to Section 913 [59A-50-7 NMSA 1978] of this article.
History: Laws 1984, ch. 127, 915.
