They allow 200kHz deviation. The emission limit is 250uV@3 meters.Hi Ron:
The FCC doesn't specify modulation methods for Part 15 transmmitters, but it DOES specify peak power emission, and if A.M. modulation causes the transmitter to exceed this, then it could be in violation, if your carrier is pushing the 1mW limit.
Also, keep in mind that the upper end of the F.M. broadcast band is into the aviation band, where A.M. is still widely used and potential for interference is real.
eric