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2019 New Mexico Statutes
Chapter 59A - Insurance Code
Article 38 - Lloyds Plan Automobile Insurance
Section 59A-38-13 - Illegal transactions; penalty.
Universal Citation: NM Stat § 59A-38-13 (2019)
Any attorney-in-fact of Lloyds Plan underwriters or representative of such attorney-in-fact who exchanges or solicits or negotiates the exchange of any automobile insurance contract without compliance by the attorney-in-fact with the provisions of this article, shall be deemed guilty of a misdemeanor and upon conviction shall be punished by a fine of not to exceed five thousand dollars ($5,000).
History: Laws 1984, ch. 127, § 656.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — 43 Am. Jur. 2d Insurance § 180.
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