New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 4 - LICENSING OF INSURANCE PROFESSIONALS
Part 7 - CONTINUING EDUCATION REQUIREMENTS
Section 13.4.7.7 - DEFINITIONS

A. "adjuster" means a resident or non-resident public adjuster, staff adjuster or independent adjuster as defined in Section 59A-13-2 NMSA 1978;

B. "approved course" means a course of instruction approved by the committee as satisfying the continuing education requirements of this rule or that has been previously approved by another state with which New Mexico has reciprocal privileges and that has been submitted by the provider and approved by the committee;

C. "bail bondsman" has the same definition as in Subsection A of Section 59A-51-2 NMSA 1978;

D. "biennially" means every two years or during the 24 months next preceding expiration of the current license;

E. "committee" means OSI's continuing education committee;

F. "compliance period" means the time period between the issue date or last renewal date of the license to the expiration date of the license for purposes of satisfying the continuation requirements;

G. "credit hour" means 50 minutes of actual instruction or self-study time in an approved course;

H. "ethics course" means a course that deals with usage and customs among members of the insurance profession, involving moral and professional conduct and fiduciary obligations and duties toward one another, toward clients, toward insureds, and toward insurers and of responsible insurance agency management;

I. "insurance producer" means a person required to be licensed under the laws of the state of New Mexico to sell, solicit or negotiate insurance;

J. "licensee" means an adjuster, insurance producer, limited surety agent, bail bond solicitor, property bondsman or nonresident insurance producer within the scope of this rule;

K. "limited surety agent" has the same definition as in Subsection C of Section 59A-51-2 NMSA 1978;

L. "nonresident licensee" means a person licensed in this state pursuant to Section 59A-11-23 NMSA 1978;

M. "property bondsman" has the same definition as in Subsection D of Section 59A-51-2 NMSA 1978;

N. "provider" means a person who is authorized by the superintendent to provide approved continuing education courses for licensees and report licensee attendance for credit toward continuing education requirements;

O. "roster" is an official list of licensees who have successfully completed an offering of an approved course;

P. "solicitor" has the same definition as in Subsection E of Section 59A-51-2 NMSA 1978; and

Q. "superintendent" means the superintendent of insurance, the office of superintendent of insurance or employees of the office of superintendent of insurance acting within the scope of the superintendent's official duties and with the superintendent's authorization.