2020 New Mexico Statutes
Chapter 59A - Insurance Code
Article 12 - Insurance Producers
Section 59A-12-26.1 - Insurance licensee continuing education fund.
There is created in the state treasury a fund that shall be known as the "insurance licensee continuing education fund". All fees imposed by the provisions of Section 59A-12-26 NMSA 1978 shall be deposited in the insurance licensee continuing education fund for the purpose of administering the continuing education program.
History: Laws 1988, ch. 112, § 1; 2016, ch. 89, § 45.
ANNOTATIONSThe 2016 amendment, effective July 1, 2017, clarified language regarding the insurance licensee continuing education fund; in the catchline, added "insurance licensee", and after "fund", deleted "appropriation"; in the first sentence, after "treasury a fund", deleted "which" and added "that"; and in the second sentence, after "provisions of Section", deleted "2 of this act" and added "59A-12-26 NMSA 1978", after "in the insurance licensee continuing education fund", deleted "and are appropriated", and after "administering the continuing education program", deleted "pursuant to the provisions of Section 59A-12-26 NMSA 1978 to be expended upon voucher by the superintendent of insurance".
Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
