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§ 59A-17-18 NMSA 1978

Advisory organizations; license required; obligation to provide service

Known as the Insurance Rate Regulation Law

The act spans §§ 59–59 (46 sections).

Laws 1984, ch. 127, § 314; 2007, ch. 367, § 20.

A. No advisory organization shall provide a service relating to the statistical collection or the rates of an insurance subject to the Insurance Rate Regulation Law, and no insurer shall use the services of the organization for such purposes, unless the organization has obtained a license as required by Section 59A-17-19 NMSA 1978.

B. No advisory organization shall refuse to supply a service for which it is licensed in this state to an authorized insurer offering to pay the fair and usual compensation for the services.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.