2006 New Mexico Statutes - Section 59A-13-4 — Qualifications for license as adjuster.

59A-13-4. Qualifications for license as adjuster.

A.     The superintendent shall license as an adjuster only an individual who is otherwise in compliance with this article and Article 11 [Chapter 59A, Article 11 NMSA 1978] (licensing procedures) of the Insurance Code, and who has furnished evidence satisfactory to the superintendent that the applicant for license:   

(1)     is not less than eighteen (18) years of age;   

(2)     is a bona fide resident of this state, or of a state or country that permits residents of this state to act as adjusters therein, except that under circumstances of necessity the superintendent may waive the requirement of reciprocity;   

(3)     can demonstrate a good business reputation, and intends to engage in a bona fide manner in the business of adjusting insurance claims;   

(4)     except as to temporary license provided for under Section 234 [ 59A-13-6 NMSA 1978] of this article, has had at least one year's experience or special education or training in handling of losses or claims under insurance contracts, such experience, education and training to be of such nature and extent as to demonstrate applicant's competence to fulfill the responsibilities of an adjuster; and   

(5)     has filed the bond required under Section 233 [ 59A-13-5 NMSA 1978] of this article.   

B.     Paragraphs (2) and (5) above shall not apply as to staff adjusters.   

C.     Individuals holding licenses as adjusters on the effective date of the Insurance Code shall be deemed to meet the qualifications for the license except as in Article 11 (licensing procedures) [Chapter 59A, Article 11 NMSA 1978] of the Insurance Code and in this article hereinafter provided.