New Mexico § 59A-58-5 Registration requirements

New Mexico Statutes

§ 59A-58-5 — Registration requirements

New Mexico § 59A-58-5

Ch. 59AInsurance Code

Art. 58Service Contract Regulation

This text of New Mexico § 59A-58-5 (Registration 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-58-5 (2026).

Text

A. A provider who wishes to issue, sell or offer for sale service contracts in this state must submit to the superintendent:

(1)a registration application on a form prescribed by the superintendent;

(2)proof that the provider has complied with the requirements for security pursuant to Section 59A-58-6 NMSA 1978;

(3)the name, address and telephone number of each administrator with whom the provider intends to contract, if any; and (4) provided that House Bill 248 of the first session of the fifty-fifth legislature:

(a)becomes law, the registration renewal fee provided in Section 59A-6-1 NMSA 1978; or (b) does not become law, a fee of five hundred dollars ($500). B. A provider's registration is valid for one year after the date the registration is filed. A provider may renew the provider

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

A. A provider who wishes to issue, sell or offer for sale service contracts in this state must submit to the superintendent: (1) a registration application on a form prescribed by the superintendent; (2) proof that the provider has complied with the requirements for security pursuant to Section 59A-58-6 NMSA 1978; (3) the name, address and telephone number of each administrator with whom the provider intends to contract, if any; and (4) provided that House Bill 248 of the first session of the fifty-fifth legislature: (a) becomes law, the registration renewal fee provided in Section 59A-6-1 NMSA 1978; or (b) does not become law, a fee of five hundred dollars ($500). B. A provider's registration is valid for one year after the date the registration is filed. A provider may renew the provider's registration if, before the registration expires, the provider submits to the superintendent an application on a form prescribed by the superintendent and, provided that House Bill 248 of the first session of the fifty-fifth legislature: (1) becomes law, the registration renewal fee provided in Section 59A-6-1 NMSA 1978; or (2) does not become law, a fee of five hundred dollars ($500). C. The provisions of this section shall not apply to major manufacturing companies' service contracts. D. Service contract forms are not required to be filed with the superintendent.