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Binding agreements by insurers

NMSA 1978, § 59A-17-26
in effect
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59A-17-26. Binding agreements by insurers No insurer shall assume an obligation to a person other than a policyholder or other insurers that with it are under common control or management or are members of a joint underwriting organization subject to the provisions of Section 59A-17-25 NMSA 1978, to use or adhere to certain rates or rules, and no other person shall impose a penalty or other adverse consequence for failure of an insurer to adhere to certain rates or rules except as to action by the superintendent in enforcement of Section 59A-17-12 NMSA 1978. Laws 1984, ch. 127, § 321; 2007, ch. 367, § 26.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do#!b/59A-17-26Fetched: 10/20/2026

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