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; orD. suspension or revocation of the self-service storage insurance producer's or supervising entity's license to transact insurance in this state.History: Laws 2019, ch. 219, § 11. ANNOTATIONSEffective dates. — Laws 2019, ch. 219, § 14 made Laws 2019, ch. 219 effective July 1, 2019.
New Mexico Legal Code