Insurance Code (general provisions) (59A-1-1 to 59A-1-18)
NMSA 1978, Chapter 59A (New Mexico Insurance Code), Article 1
Edition and licensing notes
Publisher. nmonesource.com (New Mexico Compilation Commission)
Edition. NMSA 1978, current through the Second Session of the Fifty-Seventh Legislature (2026) (same edition string as the corpus documents nm-ins-producer-licensing and nm-ins-01 from the same PDF; the PDF was generated 2026-09-24 per its metadata)
Status. NM statutes, public domain (state government edict).
What this document is
NMSA 1978, Chapter 59A (New Mexico Insurance Code), Article 1 - Insurance Code (general provisions) (59A-1-1 to 59A-1-18) is a state statute published by nmonesource.com (New Mexico Compilation Commission). It is one of the New Mexico documents that insurance license exam questions are written from, including new mexico property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- NMSA 1978, § 59A-1-18(B) (General penalty)
“The administrative penalty shall be not over five thousand dollars ($5,000) for each violation, except that if the violation is to be found willful and intentional, the penalty may be up to ten thousand dollars ($10,000) for each violation. Every administrative penalty shall be imposed by written...”
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