New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 4 - LICENSING OF INSURANCE PROFESSIONALS
Part 7 - CONTINUING EDUCATION REQUIREMENTS
Section 13.4.7.2 - SCOPE
Universal Citation: 13 NM Admin Code 13.4.7.2
Current through Register Vol. 35, No. 18, September 24, 2024
A. This rule applies to all licensed adjusters, insurance producers, limited surety agents, bail bond solicitors, property bondsmen, and nonresident insurance producers unless exempted by Subsection B of this section.
B. The continuing education requirements of this rule shall not apply to:
(1) holders of
limited licenses issued pursuant to Section
59A-12-18 NMSA
1978;
(2) licensees who have been
continuously licensed by the superintendent for 25 years or more, without a
lapse of more than 90 days;
(3)
persons who maintain a license solely for the purpose of receiving renewal fee
residuals and who do not otherwise transact the business of
insurance;
(4) agents of fraternal
benefit societies licensed pursuant to Section
59A-44-33
NMSA 1978; or
(5) nonresident
insurance licensees who are licensed in another state or country that requires
completion of continuing education courses.
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