LegalFix
Sign In

Section 59A-32A-7 - Rental car agent and endorsee prohibitions.

NM Stat § 59A-32A-7 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

A rental car agent or endorsee shall not:

A. offer, sell, bind, effect, solicit or negotiate the purchase of rental car insurance except in conjunction with and incidental to rental agreements;

B. advertise, represent or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or

C. pay any person, including a rental car endorsee, any compensation, fee or commission that is dependent solely on the placement of insurance under the license issued pursuant to the Rental Car Insurance Limited Producer License Act. Nothing in this section shall prohibit production payments or incentive payments to a person that are not dependent solely upon the sale of insurance.

History: Laws 2001, ch. 94, § 7; 2016, ch. 89, § 64.

The 2016 amendment, effective July 1, 2017, in Subsection B, after "licensed insurers", deleted "insurance agents", and after "or insurance", deleted "brokers" and added "producers".

Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.

Previous Section
Section 59A-32A-6 - Rental car agent and endorsee restrictions.
Next Section
Section 59A-32A-8 - Enforcement.