2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 11 Licensing Procedures, Agents, Solicitors, Brokers, Adjusters and Others
Section 59A-11-9 License contents; number required.

59A-11-9. License contents; number required.

A. The license issued by the superintendent under this article shall state the name of the licensee and residence address if an individual, or business address if a firm or corporation or a place of business is otherwise required of the licensee, the capacity in which the licensee is to act and the kind of business covered, date of issue of license, and such other information as the superintendent deems pertinent and consistent with law.

B. The license of an insurance agent shall not specify the name of any particular insurer or underwriter's department by which the licensee is appointed, except as to certain limited licenses, and the licensee may represent as agent under the one license as many insurers or underwriter's departments as may appoint him as agent under the Insurance Code, subject to Section 192 [59A-11-13 NMSA 1978] of this article as to certain life or health insurance agents having unsettled debit balances with an insurer previously represented.

C. The license of a solicitor shall show also the name and address of the employer to be represented.

D. The license of a firm or corporation shall also state, or record by endorsement attached thereto, the name of each individual authorized to exercise the license powers. At the superintendent's discretion the name of such an individual may be registered with the insurance department in lieu of [being] shown or endorsed on the license.

E. Each limited license issued under Section 219 [59A-12-18 NMSA 1978] of the Insurance Code shall show also the name of the insurer so represented, and a separate license shall be required as to each such insurer.

History: Laws 1984, ch. 127, 188.