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New Mexico Statutes Chapter 59A. Insurance Code § 59A-12-11. No license where shares or interest used as inducement to insurance

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

The superintendent shall not license as an insurance producer, or permit any such license to continue, if the superintendent finds that the licensee did, or that the applicant for license intends to offer, give or sell stock or other ownership or participating interest in the agency or brokerage as inducement to or in connection with purchase of insurance.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-12-11. No license where shares or interest used as inducement to insurance - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-12-11/

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