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New Mexico Statutes Chapter 59A. Insurance Code § 59A-13-3.1. Examination for license

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

<This section was enacted by L. 2016, Ch. 89, § 55 with an effective date of July 1, 2017. However, L. 2017, Ch. 76, § 2, amended the section with an effective date of June 16, 2017, preceding the effective date of the enactment. The New Mexico Compilation Commission reconciled this conflict by enacting L. 2017, Ch. 76, § 2, effective on June 16, 2017.>

A. An individual applying for a license as an adjuster shall, prior to issuance of a license, personally take and pass a written examination. The examination shall test the knowledge of the individual concerning the duties and responsibilities of an adjuster and the insurance laws and rules of this state. Examinations required by this section shall be developed and conducted under rules prescribed by the superintendent.

B. The superintendent may contract with an outside testing service for administering examinations and collecting the nonrefundable fee set forth in Section 59A-6-1 NMSA 1978.

C. Each individual applying for an examination shall remit a nonrefundable fee as prescribed by the superintendent as set forth in Section 59A-6-1 NMSA 1978.

D. An individual who fails to appear for an examination as scheduled or fails to pass the examination shall reapply for an examination and remit all required fees and forms before being rescheduled for another examination.

E. No examination shall be required:

(1) for renewal or continuation of an existing license, except as provided in Subsection D of Section 59A-11-10 NMSA 1978; or

(2) if the applicant took and passed a similar examination in a state in which the applicant is already licensed, subject to Section 59A-5-33 NMSA 1978.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-13-3.1. Examination for license - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-13-3-1/

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