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New Mexico Statutes Chapter 52. Workers' Compensation § 52-6-22. Cease and desist orders

Current as of January 01, 2024 | Updated by Findlaw Staff

A. After notice and opportunity for a hearing, the director may issue an order requiring a person or group to cease and desist from engaging in an act or practice found to be in violation of any provision of the Group Self-Insurance Act or of any rules or regulations promulgated thereunder.

B. Upon a finding, after notice and opportunity for a hearing, that any person or group has violated any cease and desist order, the director may do either or both of the following:

(1) impose a monetary penalty of not more than ten thousand dollars ($10,000) for each and every act or violation of such order not to exceed an aggregate monetary penalty of one hundred thousand dollars ($100,000); and

(2) revoke the group's certificate of approval or any insurance license held by the person.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 52. Workers' Compensation § 52-6-22. Cease and desist orders - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-52-workers-compensation/nm-st-sect-52-6-22/

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