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2021 New Mexico Statutes
Chapter 59A - Insurance Code
Article 49 - Prearranged Funeral Plans
Section 59A-49-7 - May not enforce contract sold in violation; insurer may not pay to restricted persons without consent.
Universal Citation: NM Stat § 59A-49-7 (2021)
A. No person may enforce in any court of this state any asserted obligation of a purchaser of a funeral plan sold in violation of this article.
B. No authorized insurer shall pay or permit to be paid any money accruing as a benefit of a policy to any person restricted from selling funeral plans under Subsection A of Section 903 [59A-49-5 NMSA 1978] of this article without the written consent of the person or persons entitled to such benefit after accrual thereof.
History: Laws 1984, ch. 127, ยง 905.
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