No person shall willfully withhold information from, or knowingly give false or misleading information to, the superintendent or statistical agency designated by the superintendent or advisory organization or insurer that will affect rates or rating plans under the Insurance Rate Regulation Law. Violation of this section shall be subject to the penalties provided under Section 59A-1-18 NMSA 1978.
§ 59A-17-31 NMSA 1978
False or misleading information
Known as the Insurance Rate Regulation Law
The act spans §§ 59–59 (46 sections).
Applied in 1 court decision — leading case Sandwich Chef of Texas, Inc. v. Reliance National Indemnity Insurance (2001)
Most recently applied in Sandwich Chef of Texas, Inc. v. Reliance National Indemnity Insurance (August 2001)
Laws 1984, ch. 127, § 326; 2007, ch. 367, § 31.
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.