Section 59A-16C-11 – Investigators’ powers.
A. The superintendent’s investigators shall be peace officers pursuant to the provisions of Chapter 29, Article 1 NMSA 1978. B. An investigator who meets the requirements for certification for law enforcement training pursuant to Section 29-7-6 NMSA 1978 shall be authorized to carry a firearm. History: Laws 1998, ch. 115, § 11; 2005, ch. 245, […]
Section 59A-16C-12 – Attorney general’s duties.
When so requested by the superintendent, the attorney general shall commission as a special assistant attorney general any attorney employed by the superintendent or contracted with by the superintendent and approved by the attorney general to assist the superintendent in carrying out his duties, including providing legal advice and prosecuting offenders. The actual costs associated […]
Section 59A-16C-13 – Insurance fraud policy advisory group.
The superintendent may create an insurance fraud policy advisory group consisting of representatives of authorized insurers, consumers of insurance products not otherwise connected with the insurance industry and other appropriate persons. The superintendent shall appoint the members of the advisory group and shall provide by rule for the creation, governance, duties and termination of the […]
Section 59A-16C-14 – Insurance fraud fund created; appropriation.
A. There is created an “insurance fraud fund” in the state treasury. All fees collected pursuant to the provisions of the Insurance Fraud Act shall be deposited in the fund and are subject to appropriation for use in paying the expenses incurred by the superintendent in carrying out the provisions of the Insurance Fraud Act. […]
Section 59A-16C-15 – Application of act to other acts.
A. No authority granted the superintendent under the Insurance Fraud Act shall be construed to abrogate or interfere with the authority of the safety and fraud division of the workers’ compensation administration under the Workers’ Compensation Act [Chapter 52, Article 1 NMSA 1978] or of the medicaid fraud control unit under the Medicaid Fraud Act […]
Section 59A-16C-16 – Rules.
The superintendent may promulgate rules deemed necessary or appropriate by the superintendent for the administration of the Insurance Fraud Act. History: Laws 1998, ch. 115, § 16.
Section 59A-16C-17 – Automobile theft prevention authority; created; board; powers; duties.
A. The “automobile theft prevention authority” is created in the office of superintendent of insurance. The automobile theft prevention authority shall be governed by a board of directors. The board shall consist of nine members as follows: (1) the superintendent; (2) the director of the administrative office of the district attorneys or the director’s designee; […]
Section 59A-16C-2 – Findings; purpose.
A. The legislature finds that insurance fraud is pervasive and expensive, and has the potential for increasing premium rates, placing businesses at risk, reducing the ability of consumers to raise their standard of living and decreasing the economic vitality of the state. Therefore, the legislature believes that the state must aggressively confront the problem of […]
Section 59A-16C-3 – Definitions.
As used in the Insurance Fraud Act: A. “fund” means the insurance fraud fund; B. “insurance fraud” means any act or practice in connection with an insurance transaction that constitutes a crime under the Criminal Code or the Insurance Code; C. “insurance transaction” means any act or practice relating to insurance and includes complying with […]
Section 59A-16C-4 – Superintendent’s duties.
The superintendent shall: A. initiate inquiries and conduct investigations when the superintendent has reason to believe that insurance fraud may have been or is being committed; B. respond to notifications or complaints of suspected insurance fraud generated by state and local police or other law enforcement authorities and governmental units, including the federal government and […]