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New Mexico · Through 2026-07-01

59A-58-17: Civil penalty for violation.

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Where this section sits in the code
  1. Chapter 59A - Insurance Code
  2. ARTICLE 58 Service Contract Regulation

A person who violates any provision of the Service Contract Regulation Act or an order or rule of the superintendent issued or adopted pursuant thereto may be assessed a civil penalty by the superintendent of not more than five thousand dollars ($5,000) for each act or violation, not to exceed an aggregate amount of one hundred thousand dollars ($100,000) for violations of a similar nature. For the purposes of this section, violations shall be deemed to be of a similar nature if the violations consist of the same or similar conduct, regardless of the number of times the conduct occurred.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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