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Current as of January 01, 2024 | Updated by FindLaw Staff
A. No person may enforce in any court of this state any asserted obligation of a purchaser of a funeral plan sold in violation of this article.
B. No authorized insurer shall pay or permit to be paid any money accruing as a benefit of a policy to any person restricted from selling funeral plans under Subsection A of Section 903 of this article without the written consent of the person or persons entitled to such benefit after accrual thereof.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-49-7. May not enforce contract sold in violation; insurer may not pay to restricted persons without consent - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-49-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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