N.M. Stat. § 59A-55-11
§ 59A-55-11. Prohibited acts regarding solicitation or sale
Year: 2026Length: 59 words
The following acts by a risk retention group are prohibited:
A. the solicitation or sale of insurance by a risk retention group to any person who is not eligible for membership in such group; and
B. the solicitation or sale of insurance by, or operation of, a risk retention group that is in hazardous financial condition or financially impaired.