59A-45-15: Civil penalties.
Where this section sits in the code
- Chapter 59A - Insurance Code
- ARTICLE 45 Premium Financing
In addition to any penalties imposed pursuant to Sections 844 or 845 [59A-45-13 or 59A-45-14 NMSA 1978] of this article, the district court may, in an action filed by the superintendent, impose the following civil penalties:
A. for each violation of this article a penalty of not more than one thousand dollars ($1,000) but not to exceed an aggregate penalty of ten thousand dollars ($10,000) in any six-month period; and
B. for each violation of an order issued by the superintendent pursuant to Section 845 of this article, a penalty of not more than ten thousand dollars ($10,000).
Collected 2026-09-03T15:02:20Z. Source file · JSON