New Mexico § 59A-11A-5 Insurance consultants; contracts and agreements

New Mexico Statutes

§ 59A-11A-5 — Insurance consultants; contracts and agreements

New Mexico·Ch. 59A Insurance Code·Art. 11A Insurance Consultants

No contract or agreement with an insurance consultant for any advice, counsel, recomendation [recommendation] or other information provided within the scope of his license shall be enforceable by him unless: A. it is in writing and executed in duplicate by the person to be charged or his legal representative; B. the duplicate is delivered to or retained by the person to be charged when it is signed by him; C. it plainly specifies the amount of the fee paid or payable by the person to be charged and the services to be rendered by the insurance consultant; and D. it is in a form currently approved by the superintendent.

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No contract or agreement with an insurance consultant for any advice, counsel, recomendation [recommendation] or other information provided within the scope of his license shall be enforceable by him unless: A. it is in writing and executed in duplicate by the person to be charged or his legal representative; B. the duplicate is delivered to or retained by the person to be charged when it is signed by him; C. it plainly specifies the amount of the fee paid or payable by the person to be charged and the services to be rendered by the insurance consultant; and D. it is in a form currently approved by the superintendent.

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