New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 19 - NON-ADMITTED OR SURPLUS LINES INSURANCE
Part 2 - WRITING SURPLUS LINE BUSINESS
Section 13.19.2.11 - NONRESIDENT SURPLUS LINES BROKERS
Universal Citation: 13 NM Admin Code 13.19.2.11
Current through Register Vol. 35, No. 6, March 26, 2024
A licensed nonresident agent or broker may also be licensed as a surplus lines broker in order to place exportable surplus lines coverage with a risk retention group or on behalf of a risk purchasing group. A nonresident surplus line broker shall be subject to the requirements of Section 59A-14-10 NMSA 1978.
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