There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 59A - Insurance Code
Article 11A - Insurance Consultants
Section 59A-11A-5 - Insurance consultants; contracts and agreements. (1989)
NM Stat § 59A-11A-5 (2013) What's This?
59A-11A-5. Insurance consultants; contracts and agreements. (1989)
No contract or agreement with an insurance consultant for any advice, counsel, recomendation [recommendation] or other information provided within the scope of his license shall be enforceable by him unless:
A. it is in writing and executed in duplicate by the person to be charged or his legal representative;
B. the duplicate is delivered to or retained by the person to be charged when it is signed by him;
C. it plainly specifies the amount of the fee paid or payable by the person to be charged and the services to be rendered by the insurance consultant; and
D. it is in a form currently approved by the superintendent.
History: Laws 1989, ch. 97, § 5.
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