{"data":{"id":"us-nm/59a-12a-15","jurisdiction":"us-nm","citation":"59A-12A-15","heading":"Prohibited inducements.","body":"An administrator, in order to induce a person that self insures or a plan or insurance carrier to contract or to continue to contract with the administrator, to induce a person that self insures or an insurance carrier or plan to lapse, forfeit or surrender a service contract entered into with an administrator or to induce a person that self insures or an insurance carrier or plan to secure or terminate coverage with an insurance carrier or other person that self insures, shall not directly or indirectly:\nA. offer to make an agreement relating to a service contract or issue or deliver to the person money or any other valuable consideration other than as plainly expressed in the service contract;\nB. give or pay or offer to give or pay a rebate or adjustment of the fee payable under the service contract or an advantage under a service contract, except as reflected in the fee and expressly provided by the service contract;\nC. make, issue or circulate, or cause to be made, issued or circulated, any estimate, illustration, circular or statement misrepresenting the terms of a service contract, the advantages provided under a service contract or the true nature of a service contract; or\nD. make a misrepresentation in a comparison, whether oral or written, between service contracts of the administrator and another administrator or between service contracts of the administrator and an insurance carrier.","path":["Chapter 59A - Insurance Code","ARTICLE 12A Insurance Administrators"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"ae0c597e790e4d6d4f037e4f1f9831ce23c3f799823af3c6906c3e3af87dd638","source_id":"us-nm","stale":false,"prev":"us-nm/59a-12a-14","next":"us-nm/59a-12a-16"},"notice":"GroundRules: Original legal text. Not legal advice."}