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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 32A - Rental Car Insurance Limited Producer License
Section 59A-32A-9 - Trust accounts.
Universal Citation: NM Stat § 59A-32A-9 (2017)
59A-32A-9. Trust accounts.
Notwithstanding any provision of the Rental Car Insurance Limited Producer License Act or any other rule or statute, a licensee pursuant to that act shall not be required to treat money collected from renters purchasing rental car insurance when renting rental cars as funds received in a fiduciary capacity or to hold the funds in separate trust accounts.
History: Laws 2001, ch. 94, 9.
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