The Personal Insurance Credit Information Act regulates the use of credit information in the underwriting, rating or renewal of personal insurance for the protection of consumers and applies to personal insurance written by an insurer or a group of affiliated insurers authorized to do business in this state or written pursuant to the FAIR Plan Act [59A-29-1 to 59A-29-9 NMSA 1978], but does not apply to commercial insurance or any other types of insurance.
History: Laws 2005, ch. 275, § 2.
Effective dates. — Laws 2005, ch. 275, § 13 made Laws 2005, ch. 275, § 2 effective January 1, 2006.
Applicability. — Laws 2005, ch. 275, § 12 provided that Laws 2005, ch. 275, §§ 1 through 11 apply to personal insurance policies written to be effective or renewed on or after January 1, 2006.
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