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New Mexico Statutes Chapter 59A. Insurance Code § 59A-11A-5. Insurance consultants; contracts and agreements

Current as of January 01, 2024 | Updated by FindLaw Staff

No contract or agreement with an insurance consultant for any advice, counsel, recommendation or other information provided within the scope of his license shall be enforceable by him unless:

A. it is in writing and executed in duplicate by the person to be charged or his legal representative;

B. the duplicate is delivered to or retained by the person to be charged when it is signed by him;

C. it plainly specifies the amount of the fee paid or payable by the person to be charged and the services to be rendered by the insurance consultant; and

D. it is in a form currently approved by the superintendent.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-11A-5. Insurance consultants; contracts and agreements - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-11a-5/

Read this complete New Mexico Statutes Chapter 59A. Insurance Code § 59A-11A-5. Insurance consultants; contracts and agreements on Westlaw. Westlaw subscription required.

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