2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 12 Insurance Agents, Brokers and Solicitors
Section 59A-12-2 "Agent", "nonresident agent" defined.
59A-12-2. "Agent", "nonresident agent" defined.
A. For the purpose of this article an "agent" is a person appointed by an insurer authorized to transact insurance in this state, to solicit applications for insurance or annuity contracts on its behalf, to countersign insurance policies or contracts if expressly so authorized by the insurer, and to perform such other services relative to such transactions as the insurer may authorize.
B. A "nonresident" agent is an agent residing or (if a corporation or firm) domiciled in a state other than New Mexico or residing or domiciled in a foreign country.
History: Laws 1984, ch. 127, 202.
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