Section 59A-49-7 - May not enforce contract sold in violation; insurer may not pay to restricted persons without consent.

NM Stat § 59A-49-7 (2019) (N/A)
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A. No person may enforce in any court of this state any asserted obligation of a purchaser of a funeral plan sold in violation of this article.

B. No authorized insurer shall pay or permit to be paid any money accruing as a benefit of a policy to any person restricted from selling funeral plans under Subsection A of Section 903 [59A-49-5 NMSA 1978] of this article without the written consent of the person or persons entitled to such benefit after accrual thereof.

History: Laws 1984, ch. 127, § 905.