N.M. Admin. Code § 13.9.2.16
Current through Register Vol. 35, No. 24, December 23, 2024
Section 13.9.2.16 - VIOLATIONSA. Any insurance company or agent who willfully violates any of the provisions of this rule shall, after a hearing, be subject to have its insurance suspended or revoked by the superintendent of insurance.B. Nothing in this section shall be construed as limiting the power of the state to punish any person for any conduct which constitutes a crime by statute or at common-law, or to limit any statutory or common-law right of any person in any court for any act involved in the sale of life insurance, endowments or annuity contracts concurrently with the sale of shares of a mutual fund or other securities.N.M. Admin. Code § 13.9.2.16
7/1/97; Recompiled 11/30/01