Penalties
NMSA 1978, § 59A-62-11
in effect59A-62-11. Penalties
After notice and hearing by the superintendent, the superintendent may impose by administrative penalty upon a person who violates a provision of the Self-Service Storage Insurance License Act the following:
A. a fine not to exceed one thousand dollars ($1,000) per violation and not to exceed a total of ten thousand dollars ($10,000);
B. suspension of transacting self-service storage insurance at specific locations where violations have occurred;
C. suspension or revocation of the rights of individual employees or authorized representatives of a self-service storage insurance producer to act under the license; or
D. suspension or revocation of the self-service storage insurance producer's or supervising entity's license to transact insurance in this state.
Laws 2019, ch. 219, § 11.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-62-11Fetched: 10/20/2026