New Mexico § 59A-45-3 Licensing requirements

New Mexico Statutes

§ 59A-45-3 — Licensing requirements

New Mexico § 59A-45-3

Ch. 59AInsurance Code

Art. 45Premium Financing

This text of New Mexico § 59A-45-3 (Licensing requirements) 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-45-3 (2026).

Text

A.No person shall engage in the business of financing insurance premiums in this state without first having obtained an insurance premium financing license from the superintendent.

B.The annual license fee shall be as stated in Section 101 [59A-6-1 NMSA 1978] (fee schedule) of the Insurance Code. Licenses may be renewed from year to year as of the first day of May of each year upon payment of the fee specified in such Section 101.

C.Licensing procedures and requirements shall be established by the superintendent by rule and regulation.

Free access — add to your briefcase to read the full text and ask questions with AI

A. No person shall engage in the business of financing insurance premiums in this state without first having obtained an insurance premium financing license from the superintendent. B. The annual license fee shall be as stated in Section 101 [59A-6-1 NMSA 1978] (fee schedule) of the Insurance Code. Licenses may be renewed from year to year as of the first day of May of each year upon payment of the fee specified in such Section 101. C. Licensing procedures and requirements shall be established by the superintendent by rule and regulation.