N.M. Admin. Code § 13.9.2.10
Current through Register Vol. 35, No. 24, December 23, 2024
In any solicitation of an offer to buy, or in any sale of a life insurance policy, an endowment or an annuity contract, concurrently with the sale of shares of a mutual fund or other security, the prospect or policyholder must be furnished a copy of a clear and unambiguous written proposal not later than at the time the solicitation or proposal is made. A copy of such written proposal shall be kept on file by the insurance agent, or by the insurance company if no agent is involved.
N.M. Admin. Code § 13.9.2.10