2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 32A - Rental Car Insurance Limited Producer License
Section 59A-32A-7 - Rental car agent and endorsee prohibitions.
59A-32A-7. Rental car agent and endorsee prohibitions.
A rental car agent or endorsee shall not:
A. offer, sell, bind, effect, solicit or negotiate the purchase of rental car insurance except in conjunction with and incidental to rental agreements;
B. advertise, represent or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or
C. pay any person, including a rental car endorsee, any compensation, fee or commission that is dependent solely on the placement of insurance under the license issued pursuant to the Rental Car Insurance Limited Producer License Act. Nothing in this section shall prohibit production payments or incentive payments to a person that are not dependent solely upon the sale of insurance.
History: Laws 2001, ch. 94, 7; 2016, ch. 89, 64.
