Controlled insurers and controlling brokers who are not in compliance with Section 59A-12C-4 NMSA 1978 on its effective date shall have until July 31, 1993 to come into compliance and shall comply with Section 59A-12C-5 NMSA 1978 beginning with all policies written or renewed on or after August 1, 1993.
§ 59A-12C-7 NMSA 1978
Effective date
Known as the Broker Controlled Insurer Law
The act spans §§ 59–59 (7 sections).
1978 Comp., § 59A-12C-7, enacted by Laws 1993, ch. 320, § 41.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.