A. The superintendent whenever deemed necessary may examine the records and accounts of any surplus line broker for determining whether the surplus line broker is conducting business in accordance with the requirements of this article.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

B. The superintendent shall conduct the examination, and the surplus line broker shall pay the cost thereof, as provided in the applicable provisions of Article 4 [N.M. Stat. Ann. Chapter 59A, Article 4] (examinations, hearings and appeals) of the Insurance Code.