The superintendent may suspend, revoke, or refuse to continue the certificate of authority of a motor club upon finding, after notice and opportunity for hearing, that the motor club has:
A. violated any provision of this article;
B. failed to maintain the standards required for issuance of its original certificate of authority as specified in this article;
C. become insolvent;
D. liabilities in excess of its assets;
E. engaged in one or more fraudulent or deceptive acts; or
F. entered into a service contract the form of which has not been filed with the superintendent, or containing language, condition or requirement prohibited by the superintendent pursuant to Section 913 [59A-50-7 NMSA 1978] of this article.
History: Laws 1984, ch. 127, ยง 915.
Structure New Mexico Statutes
Section 59A-50-1 - Short title.
Section 59A-50-2 - Definitions.
Section 59A-50-3 - Certificate of authority required; fees.
Section 59A-50-4 - Requirements and application for certificate of authority.
Section 59A-50-5 - Issuance, refusal of certificate of authority; continuance or expiration.
Section 59A-50-6 - Additional security.
Section 59A-50-7 - Service contracts.
Section 59A-50-8 - Investigations, examinations.
Section 59A-50-9 - Suspension, revocation or refusal to continue certificate of authority.
Section 59A-50-10 - Name, trademarks, emblems.
Section 59A-50-11 - Violation hearings.
Section 59A-50-12 - Service of process; superintendent appointed attorney.
Section 59A-50-13 - Registered representatives required; qualifications for registration.
Section 59A-50-14 - Registration procedure and matters relating to registration of representatives.
Section 59A-50-15 - Motor club bound.
Section 59A-50-16 - Representing unauthorized motor club prohibited.
Section 59A-50-17 - Limitations upon advertising.
Section 59A-50-18 - Service contract and membership card.
Section 59A-50-19 - Administrative penalty.