2021 New Mexico Statutes
Article 6 - Group Self-Insurance
Section 52-6-22 - Cease and desist orders.

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.
History: Laws 1986, ch. 22, § 96; 1990 (2nd S.S.), ch. 2, § 80.
The 1990 (2nd S.S.) amendment, effective January 1, 1991, substituted "director" for "superintendent" in both subsections and "and" for "or" at the end of Subsection B(1).

Structure 2021 New Mexico Statutes