Notwithstanding any provision of the Rental Car Insurance Limited Producer License Act or any other rule or statute, a licensee pursuant to that act shall not be required to treat money collected from renters purchasing rental car insurance when renting rental cars as funds received in a fiduciary capacity or to hold the funds in separate trust accounts.
§ 59A-32A-9 NMSA 1978
Trust accounts
Known as the Rental Car Insurance Limited Producer License Act
The act spans §§ 59–59 (9 sections).
Laws 2001, ch. 94, § 9.
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.