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Current as of January 01, 2024 | Updated by Findlaw Staff
A. No advisory organization shall provide a service relating to the statistical collection or the rates of an insurance subject to the Insurance Rate Regulation Law, and no insurer shall use the services of the organization for such purposes, unless the organization has obtained a license as required by Section 59A-17-19 NMSA 1978.
B. No advisory organization shall refuse to supply a service for which it is licensed in this state to an authorized insurer offering to pay the fair and usual compensation for the services.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-17-18. Advisory organizations; license required; obligation to provide service - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-17-18/
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