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§ 59A-62-9 NMSA 1978

Collection of fees

Known as the Self-Service Storage Insurance License Act

The act spans §§ 59–59 (11 sections).

Laws 2019, ch. 219, § 9.

A. Charges for self-service storage insurance coverage may be billed and collected by a self-service storage insurance producer.

B. A charge to an occupant for coverage that is not included in the cost associated with the rental of storage space shall be separately itemized on the occupant's bill.

C. If self-service storage insurance coverage is included with the rental of storage space, the self-service storage insurance producer shall clearly and conspicuously disclose to the occupant in the rental invoice or otherwise that the self-service storage insurance coverage is included with charges for the rental of storage space.

D. An occupant that purchases self-service storage insurance may cancel the insurance at any time by notifying the insurer or the supervising entity in writing and shall receive a refund of any unearned premium within twenty days of cancellation.

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.