New Mexico Statutes

§ 59A-50-2 — Definitions

New Mexico·Ch. 59A Insurance Code·Art. 50 Motor Clubs
As used in this article and unless context otherwise requires: A. "motor club" means a person engaged, directly or indirectly either as principal or agent, in selling or offering for sale, furnishing or procuring motor club service to members or subscribers. The definition of a motor club does not include any person whose services are provided predominately on a reimbursable basis since these services constitute insurance and are subject to the insurance laws of this state; B. "licensee" means a motor club to which a certificate of authority has been issued under this article; C. "applicant" means any person, firm, association, partnership, corporation or other legal entity, applying for a certificate of authority or renewal thereof under this article; D. "bail bond service" means the furn

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Legislative History

Laws 1984, ch. 127, § 908.

Nearby Sections

15
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