Insurers shall not require their New Mexico insureds or applicants for insurance to make a "warranty" either expressed or implied, of any fact or allegation in the application for an insurance policy. This does not prohibit the use of the word "representations" or words of similar import and does not prohibit the use of the word "warranty" if the application contains a definition of "warranty" in which the language used is clear, understandable and accurate.
N.M. Admin. Code § 13.8.3.12