2015 New Mexico Statutes
Chapter 59A - Insurance Code
Section 12 Insurance Agents, Brokers and Solicitors
Section 59A-12-7 Exemptions from license requirements.

59A-12-7. Exemptions from license requirements.

In addition to persons excluded by the general terms thereof, the definitions of agent, broker or solicitor shall not be deemed to include any of the following:

A. salaried employees rendering solely clerical and administrative services in the employer's office;

B. salaried administrative and clerical employees of agents performing functions in the office under the supervision of the employer and receiving no commissions;

C. salaried employees of insurers, or of organizations employed by insurers, engaged in inspecting, rating or classifying risks, or in general supervision of agents, and not solicitation or writing of insurance;

D. officers of insurers or of associations of insurers engaged in performance of usual and customary executive duties, exclusive of field solicitation of insurance other than rendering assistance to or on behalf of the insurer's licensed or appointed agent but receiving no commission or other compensation directly dependent on amount of business transacted;

E. persons completing or delivering declarations or certificates of coverage under running inland marine insurance contracts evidencing coverage thereunder, if such persons receive no commissions directly or indirectly on such insurance, and such persons or their employers have an insurable interest in the risk evidenced by the certificate or declaration;

F. persons who secure and furnish information for group life, group or blanket health insurance or annuity coverages, or for enrolling individuals under such plans or issuing certificates thereunder or otherwise assisting in administering such plans where no commission is paid for such services.

History: Laws 1984, ch. 127, 208.