2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 58: Service Contract Regulation, 59A-58-1 through 59A-58-18
Section 59A-58-3: Exclusions from act.
59A-58-3. Exclusions from act.
The provisions of the Service Contract Regulation Act do not apply to:
A. a warranty;
B. a maintenance agreement;
C. a service contract provided by a public utility on its transmission device if the service contract is regulated by the public regulation commission;
D. a service contract sold or offered for sale to a person who is not a consumer; or
E. a service contract for property if the purchase price of the property is less than two hundred fifty dollars ($250) and the consideration for the service contract is less than twenty-five dollars ($25.00).
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