reglab/housing_qa huggingface dataset:
NM Stat § 59A-12-3 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-3 - "Broker" defined.

For the purpose of the Insurance Code [Chapter 59A NMSA 1978], a "broker" is a type of insurance producer who, not being an agent of the insurer, as an independent contractor and on behalf of the insured solicits, negotiates or procures insurance or annuity contracts or renewal or continuation thereof for insureds or prospective insureds other than the broker. "Broker" does not include a surplus line broker, as defined in Chapter 59A, Article 14 NMSA 1978. History: Laws 1984, ch. 127, § 203; 2016, ch. 89, § 27; 2021, ch. 108, § 7. ANNOTATIONSThe 2021 amendment, effective July 1, 2021, removed the definition of "service representative"; in the section heading, after "Broker", deleted "and service representative"; and deleted former Subsection B.The 2016 amendment, effective July 1, 2017, amended the definition of "broker" and defined "service representative" as used in the Insurance Code; in the catchline, after "'broker'", deleted "'nonresident broker'" and added "and 'service representative'"; in Subsection A, after "'broker' is a", deleted "person generally" and added "type of insurance producer", and after "insureds other than", deleted "himself" and added "the broker"; deleted former Subsection B; deleted the subsection designation "C" and added the sentence from former Subsection C to Subsection A, and in the sentence from former Subsection C, after "defined in", added "Chapter 59A", and after "Article 14", deleted "of the Insurance Code" and added "NMSA 1978; and"; and added a new Subsection B. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto. Nonresident broker's license could not be issued to a person who desired to solicit insurance business for a company because he would be acting as an agent or a solicitor for an agent. 1945 Op. Att'y Gen. No. 45-4640. Foreign corporation. — As a prerequisite to being licensed as a nonresident broker, a foreign corporation does not have to be admitted to do business in New Mexico. 1963 Op. Att'y Gen. No. 63-16.
NM Stat § 59A-12-4 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-4 - License required.

A person shall not sell, solicit or negotiate insurance in this state for any class or classes of insurance unless the person is licensed for that line of insurance in accordance with the Insurance Code. History: Laws 1984, ch. 127, § 205; 1999, ch. 272, § 5; 1999, ch. 289, § 6; 2016, ch. 89, § 28. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, provided that a license is required to sell insurance in New Mexico; in the catchline, changed "'solicitor' defined" to "license required"; and in the paragraph, deleted "For the purposes of Chapter 59A, Article 12 NMSA 1978, a 'solicitor' is an individual employed by a licensed agent to solicit insurance and perform such other duties in handling the agent's business as the agent may authorize" and added the remainder of the section. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. The 1999 amendment, effective June 18, 1999, updated the statutory reference and deleted "resident" following "licensed". Soliciting and writing insurance distinguished from doing business. — Instruction leading jury to believe they were warranted in convicting defendant if he had done business without a license was erroneous, where he was only charged with having solicited and written insurance. State v. Loveless, 1935-NMSC-023, 39 N.M. 142, 42 P.2d 211. Employees of corporation licensed as insurance agent are solicitors and must get licenses before they may solicit insurance on corporation's behalf. 1943 Op. Att'y Gen. No. 43-4227. Am. Jur. 2d, A.L.R. and C.J.S. references. — Meaning of term "solicit" in statute relating to insurance agents, 48 A.L.R. 1173. 44 C.J.S. Insurance § 85 et seq.
NM Stat § 59A-12-5 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-5 - Repealed.

History: Laws 1984, ch. 127, § 206; repealed by Laws 2016, ch. 89, § 70.ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-5 NMSA 1978, as enacted by Laws 1984, ch. 127, § 206, relating to service representative defined, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-6 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-6 - Repealed.

History: Laws 1984, ch. 127, § 207; 2003, ch. 202, § 6; 2007, ch. 282, § 6; repealed by Laws 2016, ch. 89, § 70.ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-6 NMSA 1978, as enacted by Laws 1984, ch. 127, § 207, relating to license required, penalty, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-8 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-8 - Repealed.

History: Laws 1984, ch. 127, § 209; 1999, ch. 272, § 6; 1999, ch. 289, § 7; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-8 NMSA 1978, as enacted by Laws 1984, ch. 127, § 209, relating to controlled business, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-9 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-9 - Repealed.

History: Laws 1984, ch. 127, § 210; 1987, ch. 259, § 13; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-9 NMSA 1978, as enacted by Laws 1984, ch. 127, § 210, relating to controlled business, exception, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-10 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-10 - Repealed.

History: 1978 Comp., § 59A-12-10, enacted by Laws 1997, ch. 48, § 1; 1999, ch. 272, § 7; 1999, ch. 289, § 8; 2001, ch. 309, § 1; 2013, ch. 74, § 18; repealed by Laws 2016, ch. 89, § 70.ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-10 NMSA 1978, as enacted by Laws 1997, ch. 48, § 1, relating to licensing of lending institution, definitions and exceptions, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-11 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-11 - No license where shares or interest used as inducement to insurance.

The superintendent shall not license as an insurance producer, or permit any such license to continue, if the superintendent finds that the licensee did, or that the applicant for license intends to offer, give or sell stock or other ownership or participating interest in the agency or brokerage as inducement to or in connection with purchase of insurance. History: Laws 1984, ch. 127, § 212; 2016, ch. 89, § 30. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, after "shall not license as", deleted "agent, broker or solicitor" and added "an insurance producer", after "license to continue", deleted "in force", and after "applicant for license", deleted "probably will" and added "intends to". Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-12-12 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-12 - Application and general qualifications for individual insurance producer license.

A. An individual applying for a resident insurance producer license shall apply to the superintendent on the uniform application and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the applicant's knowledge and belief. B. Before approving the application, the superintendent shall: (1) confirm that the applicant: (a) is at least eighteen years of age; (b) has not committed any act that is a ground for denial, suspension or revocation under the Insurance Code; (c) has paid the fees set forth in Section 59A-6-1 NMSA 1978; (d) has successfully passed the examinations for the lines of authority for which the application is made, if such examination is required; and (e) is in compliance with other applicable qualifications and requirements of the Insurance Code; (2) review the applicant's answers to the standard background questions on the uniform application; (3) obtain the applicant's fingerprints; and (4) conduct state and federal criminal background checks on the applicant. C. The superintendent may require any documents reasonably necessary to verify the information contained in an application. The superintendent may obtain fingerprints from licensed resident insurance producers from whom fingerprints were not obtained at the time of application or when adding additional lines of authority to their license. D. Each insurer that sells, solicits or negotiates any form of limited line credit insurance shall provide to each individual whose duties will include selling, soliciting or negotiating limited line credit insurance a program of instruction approved by the superintendent. History: Laws 1984, ch. 127, § 213; 1999, ch. 272, § 8; 1999, ch. 289, § 9; 1978 Comp., § 59A-12-2, repealed and reenacted by Laws 2016, ch. 89, § 31. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 31 repealed 59A-12-12 NMSA 1978, and enacted a new section, effective July 1, 2017. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-12-13 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-13 - Special requirements, title insurance producers.

A. The superintendent shall not issue or permit to continue an insurance producer license for title insurance except for an applicant or a licensee who, in addition to other applicable qualifications and requirements, owns, operates or controls an abstract plant consisting of a set of records in which an entry has been made of all documents or matters that under law impart constructive notice of matters affecting title to real property or any interest therein or encumbrance thereon, which have been filed or recorded in the county for which such title plant is maintained for a period of not less than twenty years immediately prior to date of application for license. Such records shall consist of: (1) an index or indices in which notations of or references to any documents that describe property affected thereby are posted, entered or otherwise included, according to the property described therein, or copies or briefs of all documents that describe the property affected thereby that are sorted and filed according to such property; and (2) an index or indices in which all other such documents are posted, entered or otherwise included, according to the name or names of the parties whose title to real property or any interest therein or encumbrances thereon is affected. B. A license to issue title insurance shall permit the licensee to issue policies only on property located in the county or counties for which the licensee has the necessary abstract plant. History: Laws 1984, ch. 127, § 214; 2016, ch. 89, § 32. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, removed the exemption from the requirement of having a twenty-year abstract plant, and replaced "agent" with "insurance producer"; in the catchline, after "title insurance", deleted "agents" and added "producers"; in Subsection A, in the introductory paragraph, after "issue or permit to", deleted "remain in force an agent" and added "continue an insurance producer", after "license", deleted "as to" and added "for", after "insurance except", deleted "as to" and added "for", after "an applicant", added "or a licensee", after "all documents or matters", deleted "which" and added "that", and after "not less than twenty", deleted "(20)", in Paragraph (1), after "references to any", deleted "such", after "briefs of all", deleted "such", and after "affected thereby", deleted "which" and added "that"; deleted Subsection B and redesignated former Subsection C as new Subsection B; and in Subsection B, after "A license", deleted "as agent". Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-12-14 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-14 - Repealed.

History: Laws 1984, ch. 127, § 215; repealed by Laws 2016, ch. 89, § 70. ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-14 NMSA 1978, as enacted by Laws 1984, ch. 127, § 215, relating to special requirements as to solicitors, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-19 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-19 - Temporary licenses.

A. The superintendent may issue a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the superintendent deems that the temporary license is necessary for the servicing of an insurance business in the following cases: (1) to the surviving spouse or court- appointed personal representative of a licensed insurance producer who dies or becomes mentally or physically disabled to allow adequate time for the sale of the insurance business owned by the insurance producer or for the recovery or return of the insurance producer to the business or to provide for the training and licensing of new personnel to operate the insurance producer's business; (2) to a member or employee of a business entity licensed as an insurance producer, upon the death or disability of an individual designated in the business entity application or the license; (3) to the designee of a licensed insurance producer entering active service in the armed forces of the United States; or (4) in any other circumstance where the superintendent deems that the public interest will best be served by the issuance of the license. B. The superintendent may by order limit the authority of any temporary licensee in any way deemed necessary to protect insureds and the public. The superintendent may require the temporary licensee to have a suitable sponsor who is a licensed insurance producer or insurer and who assumes responsibility for all acts of the temporary licensee and may impose other similar requirements designed to protect insureds and the public. The superintendent may by order revoke a temporary license if the interest of insureds or the public is endangered. A temporary license shall not continue after the owner or the personal representative disposes of the business. History: Laws 1984, ch. 127, § 220; 1978 Comp., § 59A-12-19, repealed and reenacted by Laws 2016, ch. 89, § 38. ANNOTATIONSRepeals and reenactments. — Laws 2016, ch. 89, § 38 repealed 59A-12-19 NMSA 1978, and enacted a new section, effective July 1, 2017. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-12-20 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-20 - Place of business.

An insurance producer shall have and maintain a place of business accessible to the public where the licensee conducts transactions under the license. Nothing in this section shall prohibit maintenance of the place of business in the licensee's residence. History: Laws 1984, ch. 127, § 221; 1999, ch. 272, § 12; 1999, ch. 289, § 13; 2003, ch. 306, § 3; 2016, ch. 89, § 39. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, required an insurance producer to maintain a place of business accessible to the public; in the catchline, after "place of business", deleted "display of license"; deleted the subsection designation "A" and "A general lines agent" and added "An insurance producer"; and deleted Subsections B and C. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. The 2003 amendment, effective June 20, 2003, in Subsection A, deleted "The address of the place of business shall appear upon the application for license when issued, and the licensee shall promptly notify the superintendent in writing of any change of address". The 1999 amendment, effective June 18, 1999, in Subsection A, deleted "of this state" following "have and maintain" and "principally" following "the licensee" in the first sentence; substituted "the place of business" for "such place" and "change of address" for "change thereof" in the second sentence; and substituted "the place of business" for "such place" and deleted "in this state" at the end of the third sentence.
NM Stat § 59A-12-20.1 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-20.1 - Repealed.

History: Laws 2003, ch. 306, § 5; repealed by Laws 2016, ch. 89, § 70.ANNOTATIONSRepeals. — Laws 2016, ch. 89, § 70 repealed 59A-12-20.1 NMSA 1978, as enacted by Laws 2003, ch. 306, § 5, relating to change of address, notice required, penalty, effective July 1, 2017. For provisions of former section, see the 2016 NMSA 1978 on NMOneSource.com.
NM Stat § 59A-12-21 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-21 - Records of insurance producer.

A. Every insurance producer shall keep in the insurance producer's place of business complete records of transactions under the license. The record shall show the following information for each insurance policy placed by or through the licensee: (1) the names of the insurer and insured; (2) the number and expiration date of each policy; (3) the premium payable for each policy; (4) the names of all other persons from whom business is accepted or to whom commissions are promised or paid; (5) all premiums collected; and (6) any additional information the superintendent may require. B. The records shall be open to the superintendent's examination, and the superintendent may at any reasonable time require the licensee to furnish, in the manner or form that the superintendent may require, any information kept or required to be kept in such records. C. Records as to a particular policy may be destroyed on expiration of three years after the policy's expiration. History: Laws 1984, ch. 127, § 222; 2016, ch. 89, § 40. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, required insurance producers to keep complete records of transactions under the license, amended the required information to be kept in the records, and removed the exemptions for life insurance, annuity contracts or health insurance; in the catchline, after "records of", deleted "general lines agent" and added "insurance producer"; in Subsection A, in the introductory paragraph, after "Every", deleted "general lines agent" and added "insurance producer", after "shall keep in", deleted "his" and added "the insurance producer's", after "place of business", deleted "referred to in Section 221 of this article", after "transactions under", deleted "his" and added "the", after "license", deleted "and those of his solicitors", after "The record shall show", added "the following information", and after "through the licensee", deleted "not less than" and added the paragraph designation "(1)", in Paragraph (1), after "insurer and insured;", deleted "the number and expiration date of, and premium payable as to, the policy, the names of all other persons from whom business is accepted or to whom commissions are promised or paid, all premiums collected, and such additional information as the superintendent may reasonably require", and added new Paragraphs (2) through (6); in Subsection B, after "furnish, in", deleted "such" and added "the"; in Subsection C, after "on expiration of three", deleted "(3)"; and deleted Subsection D. Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
NM Stat § 59A-12-23 (2021)
2021 New Mexico Statutes|Chapter 59A - Insurance Code|Article 12 - Insurance Producers|Section 59A-12-23 - Insurance vending machines.

A. A licensed insurance producer may solicit for and issue personal travel accident insurance policies of an authorized insurer by means of mechanical vending machines supervised by the insurance producer and placed at airports and other places of convenience to the traveling public, if the superintendent finds that: (1) the policy provides reasonable coverage and benefits, is suitable for sale and issuance by vending machine and use of such a machine in a proposed location would be of material convenience to the public; (2) the type of machine proposed to be used is reasonably suitable for the purpose; (3) reasonable means are provided for informing prospective purchasers of policy coverages and restrictions; (4) reasonable means are provided for refund of money inserted in defective machines and for which insurance so paid for is not received; and (5) the cost of maintaining such a machine at a particular location is reasonable. B. For each machine to be used the superintendent shall issue to the applicant a special vending machine license. The license shall state the name and address of the insurer and insurance producer, name of the policy to be sold and serial number and operating location of the machine. The license shall be subject to biennial continuation, to expiration, suspension or revocation coincidentally with that of the insurance producer. The superintendent shall also revoke the license as to any machine as to which the superintendent finds that license qualifications no longer exist. Proof of existence of a subsisting license shall be displayed on or about each machine in use in the manner that the superintendent reasonably requires. History: Laws 1984, ch. 127, § 224; 1999, ch. 272, § 13; 1999, ch. 289, § 14; 2016, ch. 89, § 42. ANNOTATIONSThe 2016 amendment, effective July 1, 2017, replaced "agent" with "insurance producer" throughout the section and extended the duration of a license; in Subsection B, after "The license shall be subject to", deleted "annual" and added "biennial", after "any machine as to which", deleted "he" and added "the superintendent", after "each machine in use in", deleted "such" and added "the", and after "manner", deleted "as" and added "that". Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected. The 1999 amendment, effective June 18, 1999, deleted "resident" preceding "agent" in the introductory language of Subsection A.