New Mexico Administrative Code
Title 13 - INSURANCE
Chapter 9 - LIFE INSURANCE AND ANNUITIES
Part 15 - VIATICAL SETTLEMENTS
Section 13.9.15.8 - LICENSE REQUIREMENTS

Universal Citation: 13 NM Admin Code 13.9.15.8

Current through Register Vol. 35, No. 6, March 26, 2024

A. A viatical settlement provider or broker transacting business in this state may continue to do so pending issuance of the provider or broker's license as long as its application for a license is filed with the Superintendent by July 1, 2000.

B. The Superintendent may ask for all information necessary to determine whether the applicant for a license as a viatical settlement provider or broker complies with the requirements of NMSA 1978 Section 59A-20A-3.

C. The license issued to a viatical settlement provider or broker shall be a limited license that allows the viatical settlement provider or broker to operate only within the scope of its license.

D. A viatical settlement provider or broker shall file with the Superintendent within thirty (30) days a supplement to its application showing any changes to the members, officers, representatives and designated employees authorized to act under its license.

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