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§ 59A-17-21 NMSA 1978

Conduct of advisory organization

Known as the Insurance Rate Regulation Law

The act spans §§ 59–59 (46 sections).

Laws 1984, ch. 127, § 317; 2007, ch. 367, § 23.

A. An advisory organization shall furnish its services without discrimination to its members and subscribers.

B. An advisory organization shall not adopt any rule, the effect of which would be to prohibit or regulate payment of dividends, savings or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members or subscribers.

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.