New Mexico § 59A-62-3 Self-service storage insurance producer license

New Mexico Statutes

§ 59A-62-3 — Self-service storage insurance producer license

New Mexico § 59A-62-3

Ch. 59AInsurance Code

Art. 62Self-Service Storage Insurance License

This text of New Mexico § 59A-62-3 (Self-service storage insurance producer license) 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-62-3 (2026).

Text

A.The superintendent may issue a self-service storage insurance producer license to an applicant who is qualified to solicit or sell self-service storage insurance.

B.An owner shall not sell, solicit or offer self-service storage insurance unless the owner has complied with the requirements of the Self-Service Storage Insurance License Act and has been issued a self-service storage insurance producer license by the superintendent.

C.A self-service storage insurance producer license authorizes the licensee and its employees and authorized representatives to sell, solicit and offer self-service storage insurance to occupants at any self-service storage facility at which the owner conducts business.

D.Self-service storage insurance producers shall be licensed pursuant to Article 11 of the

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

A. The superintendent may issue a self-service storage insurance producer license to an applicant who is qualified to solicit or sell self-service storage insurance. B. An owner shall not sell, solicit or offer self-service storage insurance unless the owner has complied with the requirements of the Self-Service Storage Insurance License Act and has been issued a self-service storage insurance producer license by the superintendent. C. A self-service storage insurance producer license authorizes the licensee and its employees and authorized representatives to sell, solicit and offer self-service storage insurance to occupants at any self-service storage facility at which the owner conducts business. D. Self-service storage insurance producers shall be licensed pursuant to Article 11 of the Insurance Code. E. An owner is not required to be licensed as a self-service storage insurance producer solely to display and make available to occupants and prospective occupants brochures and other promotional materials created by or on behalf of an insurer, if the owner and its unlicensed employees and authorized representatives do not sell, solicit or offer self-service storage insurance. F. A licensee pursuant to this section may provide self-service storage insurance under an individual policy or under a commercial, corporate, group or master policy. G. An owner shall not: (1) require an occupant to purchase insurance offered by the owner as a requirement to lease storage space at a self-service storage facility; or (2) advertise, represent or otherwise hold the owner's self out as a self- service storage insurance producer unless licensed pursuant to the Self-Service Storage Insurance License Act.