# N.M. Stat. § 59A-11-8: Issuance or refusal to issue or renew license

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-8

## Section

- **Citation:** N.M. Stat. § 59A-11-8
- **Heading:** Issuance or refusal to issue or renew license
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 59A / Article 11 / Section 59A-11-8

## Text

A. If the superintendent finds that the application is complete, that the applicant has passed all required examinations and is otherwise qualified for the license applied for, the superintendent shall promptly issue, or permit the issuance of, the license.

B. If the superintendent denies an application for initial issuance or renewal of a license, the superintendent shall notify the applicant in writing and advise the applicant of the reason for the denial.

C. Within thirty days of the date of issuance of the denial of an application for initial issuance or renewal of a license, the applicant may request in writing a hearing on the denial. The hearing shall be held within thirty days and shall be held pursuant to the requirements of the Insurance Code.

D. The license of a business entity may be suspended, revoked or refused if the superintendent finds after hearing that an individual licensee's violation was known or should have been known by one or more of the partners, officers or managers acting on behalf of the partnership or corporation and the violation was neither reported to the superintendent nor corrective action taken.

## Nearby sections

- [N.M. Stat. § 59A-11-1 § 59A-11-1. Scope of article](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-1.md)
- [N.M. Stat. § 59A-11-2 § 59A-11-2. Application for license; individual](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-2.md)
- [N.M. Stat. § 59A-11-3 § 59A-11-3. Application by firm or corporation](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-3.md)
- [N.M. Stat. § 59A-11-4 § 59A-11-4. Temporary licenses](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-4.md)
- [N.M. Stat. § 59A-11-5 § 59A-11-5. Vending machine licenses](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-5.md)
- [N.M. Stat. § 59A-11-6 § 59A-11-6. Examination of applicant](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-6.md)
- [N.M. Stat. § 59A-11-7 § 59A-11-7. Character evaluation, criminal record](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-7.md)
- [N.M. Stat. § 59A-11-8 § 59A-11-8. Issuance or refusal to issue or renew license](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-8.md)
- [N.M. Stat. § 59A-11-9 § 59A-11-9. License contents; number required](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-9.md)
- [N.M. Stat. § 59A-11-10 § 59A-11-10. Continuation, expiration of license](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-10.md)
- [N.M. Stat. § 59A-11-11 § 59A-11-11. License and appointment continuation, expiration; staggered dates system](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-11.md)
- [N.M. Stat. § 59A-11-12 § 59A-11-12. Appointment of insurance producer; continuation](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-12.md)
- [N.M. Stat. § 59A-11-13 § 59A-11-13. Insurance producers' rights; cancellation](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-13.md)
- [N.M. Stat. § 59A-11-14 § 59A-11-14. Suspension, revocation, refusal to continue license; grounds](https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C59A_A11_S59A-11-8. Check the current official text before relying on it. Not legal advice.