New Mexico § 52-6-23 - Revocation of certificate of approval
Full text of New Mexico New Mexico Statutes Annotated § 52-6-23 — Revocation of certificate of approval, with citation guidance and answers to common questions.
§ 52-6-23. Revocation of certificate of approval
A. After notice and opportunity for a hearing, the director may revoke a group's certificate
of approval if it: (1) is found to be insolvent; (2) fails to pay any premium tax, regulatory fee or assessment or special fund contribution
imposed upon it; or (3) fails to comply with any of the provisions of the Group Self-Insurance Act, with
any rules or regulations promulgated thereunder or with any lawful order of the director
within the time prescribed. B. The director may revoke a group's certificate of approval if, after notice and
opportunity for hearing, he finds that: (1) any certificate of approval that was issued to the group was obtained by fraud; (2) there was a material misrepresentation in the application for the certificate
of approval; or (3) the group or its administrator has misappropriated, converted, illegally withheld
or refused to pay over, upon proper demand, any money that belongs to a member, an
employee of a member or a person otherwise entitled to it and that has been entrusted
to the group or its administrator in its fiduciary capacities.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 52-6-23
What does New Mexico Statutes Annotated § 52-6-23 cover?
Section 52-6-23 ("Revocation of certificate of approval") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 52-6-23?
A common citation format is "New Mexico Statutes Annotated § 52-6-23" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 52-6-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.