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§ 59A-62-6 NMSA 1978

Authorized employees and representatives

Known as the Self-Service Storage Insurance License Act

The act spans §§ 59–59 (11 sections).

Laws 2019, ch. 219, § 6.

A. At the time of filing a self-service storage insurance producer license application, the applicant shall establish a list of the names of all employees and authorized representatives whose duties may include offering and selling self-service storage insurance. The list shall be:

(1) maintained by the licensee in a form prescribed by the superintendent;

(2) updated annually; and

(3) retained by the self-service storage facility for three years and made available to the superintendent for review and inspection upon request.

B. An employee or authorized representative of a self-service storage insurance producer who is at least eighteen years of age and has been trained pursuant to Section 8 [ 59A-62-8 NMSA 1978] of the Self-Service Storage Insurance Act may act on behalf and under the supervision of the self-service storage insurance producer in matters relating to the conduct of business under that producer's license.

C. An employee or authorized representative of a self-service storage insurance producer may sell, solicit and offer self-service storage insurance to occupants and shall not be subject to licensure as an insurance producer.

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.