2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 12 Insurance Agents, Brokers and Solicitors
Section 59A-12-5 "Service representative" defined.
59A-12-5. "Service representative" defined.
A. A "service representative" is an individual regularly employed on salary by an insurer, group of insurers or managing general agent, who assists agents or solicitors in soliciting, negotiating and effectuating insurance for such insurer, group or managing general agent and in conduct of their business, and receives no part of the commission on insurance written.
B. A service representative is not required to be licensed, nor shall he independently solicit or negotiate insurance or annuity contracts.
History: Laws 1984, ch. 127, 206.
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