N.M. Stat. § 59A-12-11

Current through 2024, ch. 69

Section 59A-12-11 - No license where shares or interest used as inducement to insurance

The superintendent shall not license as an insurance producer, or permit any such license to continue, if the superintendent finds that the licensee did, or that the applicant for license intends to offer, give or sell stock or other ownership or participating interest in the agency or brokerage as inducement to or in connection with purchase of insurance.

NMS § 59A-12-11

Laws 1984, ch. 127, § 212; 2016, ch. 89, § 30.

Amended by 2016, c. 89,s. 30, eff. 7/1/2017.