New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 15 - FINANCIAL INSTITUTIONS - GENERAL
Part 1 - ANNUITIES
Section 12.15.1.12 - ADEQUATE SEPARATION OF FACILITIES

Universal Citation: 12 NM Admin Code 12.15.1.12

Current through Register Vol. 35, No. 18, September 24, 2024

A. The space utilized by the annuity agent to transact business with the public must be distinct from the area where retail deposits are taken in such a manner as to prevent confusion in the public's mind between the lending institution and the annuity agent.

B. The space utilized by the annuity agent to transact business with the public must be separately identified through the use of signs, labeling, etc. so that the public will understand that it is doing business with an annuity agent and not the federally insured lending institution.

C. The space utilized by the annuity agent shall contain the disclosure notice, conspicuously posted, required in Section 13 [now 12.15.1.13 NMAC].

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