New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 4 - LICENSING OF INSURANCE PROFESSIONALS
Part 6 - PARENTAL RESPONSIBILITY
Section 13.4.6.10 - INITIAL ACTION

Universal Citation: 13 NM Admin Code 13.4.6.10

Current through Register Vol. 35, No. 18, September 24, 2024

A. Upon determination that an applicant or licensee appears on HSD's certified list, the superintendent shall notify the applicant or licensee by letter that the applicant or licensee must provide the superintendent with a subsequent statement of compliance within 30 days of mailing the notification.

B. The notice letter to applicants shall advise that failure to timely provide the statement of compliance shall automatically, without any further notice to the applicant, necessitate the superintendent's rejection of the application and that such rejection constitutes grounds for applicants to request a hearing before the superintendent pursuant to Section 59A-4-15 NMSA 1978.

C. The notice letter to licensees shall advise that failure to timely provide the statement of compliance shall result in commencement of a formal proceeding for license revocation under 13 nmac 4.6.11 [now 13.4.6.11 NMAC] of this rule.

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