New Mexico § 59A-15-3 Inclusion of unauthorized insurer in coverage

New Mexico Statutes

§ 59A-15-3 — Inclusion of unauthorized insurer in coverage

New Mexico § 59A-15-3

Ch. 59AInsurance Code

Art. 15Unauthorized Insurers

This text of New Mexico § 59A-15-3 (Inclusion of unauthorized insurer in coverage) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 59A-15-3 (2026).

Text

No insurance agent licensed in this state shall include, or permit inclusion, in any insurance coverage of a subject of insurance resident, located or to be performed in this state and placed by the agent, of an unauthorized insurer among the insurers assuming direct risk under such coverage. This section shall not apply as to coverages exempt under Section 258 [59A-15-2 NMSA 1978] of this article.

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No insurance agent licensed in this state shall include, or permit inclusion, in any insurance coverage of a subject of insurance resident, located or to be performed in this state and placed by the agent, of an unauthorized insurer among the insurers assuming direct risk under such coverage. This section shall not apply as to coverages exempt under Section 258 [59A-15-2 NMSA 1978] of this article.