N.M. Admin. Code § 13.4.4.9

Current through Register Vol. 35, No. 24, December 23, 2024

Section 13.4.4.9 - [Effective 4/1/2025] REQUIRED EXPERIENCE, TRAINING AND EDUCATION

To meet the requirements of Section 59A-14-7 NMSA 1978, an applicant for a surplus lines broker license shall file, as part of the application, documentation showing a combination of the following factors totaling at least five years:

A. Experience as a licensed agent in the kind of insurance for which the surplus lines broker license is sought;

B. Continuing education units of a type and quantity sufficient to satisfy the requirements for renewal of an agent's license; and

C. Any other special experience, education or training that the applicant offers to demonstrate that the applicant is reasonably competent to conduct surplus lines business in New Mexico.

N.M. Admin. Code § 13.4.4.9

7/1/97; Recompiled 11/30/01, Adopted by New Mexico Register, Volume XXXV, Issue 23, December 10, 2024, eff. 4/1/2025