2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 58: Service Contract Regulation, 59A-58-1 through 59A-58-18
Section 59A-58-8: Transactions not subject to New Mexico Insurance Code; exceptions.
59A-58-8. Transactions not subject to New Mexico Insurance Code; exceptions.
A. Except as otherwise provided in the Service Contract Regulation Act, the marketing, issuance, sale, offering for sale, making, proposing to make and administration of service contracts are not subject to the provisions of the New Mexico Insurance Code [59A-1-1 NMSA 1978], except, when applicable, the provisions of Chapter 59A, Article 16 NMSA 1978.
B. A provider, person who sells service contracts, administrator or any other person is not required to obtain a certificate of authority or license from the superintendent to issue, sell, offer for sale or administer service contracts.
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