N.M. Admin. Code § 13.4.7.2

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

Section 13.4.7.2 - [Effective 4/1/2025] SCOPE

A. This rule applies to all licensed adjusters, insurance producers, limited surety agents, bail bond solicitors, property bondsmen, and nonresident insurance producers unless exempted by Subsection B of this section.

B. The continuing education requirements of this rule shall not apply to:

(1) holders of limited licenses issued pursuant to Section 59A-12-18 NMSA 1978;

(2) licensees who have been continuously licensed by the superintendent for 25 years or more, without a lapse of more than 90 days;

(3) persons who maintain a license solely for the purpose of receiving renewal fee residuals and who do not otherwise transact the business of insurance;

(4) agents of fraternal benefit societies licensed pursuant to Section 59A-44-33 NMSA 1978; or

(5) nonresident insurance licensees who are licensed in another state or country that requires completion of continuing education courses.

N.M. Admin. Code § 13.4.7.2

13.4.7.2 NMAC - Rp, 13 NMAC 4.7.2, 5-1-02; A, 9-15-08, Adopted by New Mexico Register, Volume XXIX, Issue 04, February 27, 2018, eff. 2/27/2018, Adopted by New Mexico Register, Volume XXXV, Issue 23, December 10, 2024, eff. 4/1/2025