N.M. Admin. Code § 13.4.5.9

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

Section 13.4.5.9 - INDIVIDUAL APPLICATIONS

A. Application by an individual for an insurance administrator's license shall be filed with the superintendent on forms prescribed and furnished by the superintendent and accompanied by applicable fees as set out in this regulation. The application shall be signed by the applicant under oath if required by the form. The application form may require information about applicant as to:

(1) name, date of birth, social security number, residence, business address if applicable, and length of time a resident of New Mexico, if applicable;

(2) personal history and business experience in general for at least the five-year period immediately preceding the date of the application;

(3) experience or special training or education in the kind of business to be transacted under the license applied for;

(4) previous licensing;

(5) type of license applied for and kinds of insurance or transactions to be covered thereby;

(6) proof of applicant's identity; and

(7) such other pertinent information and matters as the superintendent may reasonably require.

B. In addition to the written application, individual applicants are required to file therewith the following documents:

(1) Nonresident applicants who are licensed to transact any kind of insurance or insurance administration in another state shall provide a letter of certification or equivalent document from their state of domicile.

(2) Resident applicants who are or have been licensed to transact any kind of insurance or insurance administration in another state shall provide a letter of clearance or equivalent document from such other states where they are or have been licensed.

N.M. Admin. Code § 13.4.5.9

2/1/92; Recompiled 11/30/01