New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 9 - LIFE INSURANCE AND ANNUITIES
Part 8 - VARIABLE LIFE INSURANCE
Section 13.9.8.40 - REFUSAL TO QUALIFY AGENT TO SELL VARIABLE LIFE INSURANCE
Universal Citation: 13 NM Admin Code 13.9.8.40
Current through Register Vol. 35, No. 6, March 26, 2024
The superintendent may reject any application or suspend or revoke or refuse to renew any agent's qualification under these regulations to sell or offer to sell variable life insurance upon any ground that would bar such applicant or such agent from being licensed to sell other life insurance contracts in this state. The rules governing any proceeding relating to the suspension or revocation of an agent's license shall also govern any proceeding for suspension or revocation of an agent's qualification of sell or offer to sell variable life insurance.
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