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Current as of January 01, 2024 | Updated by Findlaw Staff
Unless licensed as an insurance consultant under the provisions of this act, no person shall:
A. for a fee received or to be received, offer to examine, examine or aid in examining any policy of insurance or any annuity or pure endowment contract for the purpose of giving or offering to give any advice, counsel, recommendation or information in respect to the terms, conditions, benefits, coverage or premium of any such policy or contract or in respect to the expediency or advisability of altering, changing, exchanging, converting, replacing, surrendering, continuing, renewing or rejecting any such policy or contract or of accepting or procuring any such policy or contract from any company; or
B. in or on advertisements, cards, signs, circulars or letterheads or elsewhere or in any other way or manner by which public announcements are made use the title “insurance consultant”, “insurance advisor”, “insurance specialist”, “insurance counselor”, “insurance analyst”, “policyholders' advisor”, “policyholders' counselor” or any other similar title or any title, word or combination of words indicating that he gives or is engaged in the business of giving advice, counsel, recommendation or information to holders of policies of insurance or annuity or pure endowment contracts.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-11A-1. Insurance consultant; license required - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-11a-1/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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