Section 59A-62-6 - Authorized employees and representatives.

NM Stat § 59A-62-6 (2019) (N/A)

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A. At the time of filing a self-service storage insurance producer license application, the applicant shall establish a list of the names of all employees and authorized representatives whose duties may include offering and selling self-service storage insurance. The list shall be:

(1) maintained by the licensee in a form prescribed by the superintendent;

(2) updated annually; and

(3) retained by the self-service storage facility for three years and made available to the superintendent for review and inspection upon request.

B. An employee or authorized representative of a self-service storage insurance producer who is at least eighteen years of age and has been trained pursuant to Section 8 [59A-62-8 NMSA 1978] of the Self-Service Storage Insurance Act may act on behalf and under the supervision of the self-service storage insurance producer in matters relating to the conduct of business under that producer's license.

C. An employee or authorized representative of a self-service storage insurance producer may sell, solicit and offer self-service storage insurance to occupants and shall not be subject to licensure as an insurance producer.

History: Laws 2019, ch. 219, § 6.

Effective dates. — Laws 2019, ch. 219, § 14 made Laws 2019, ch. 219 effective July 1, 2019.

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Section 59A-62-7 - Commissions.