There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 25: Credit Life and Credit Health Insurance, 59A-25-1 through 59A-25-14
Section 59A-25-10: Authorized insurer, licensed agent required.
NM Stat § 59A-25-10 (1996 through 1st Sess 50th Legis) What's This?
59A-25-10. Authorized insurer, licensed agent required.
A credit life or credit health insurance policy shall be delivered or issued for delivery in this state only by an insurer holding a certificate of authority to transact such insurance in this state, and shall be issued only through a duly appointed and licensed agent of the insurer in this state.
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