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Current as of January 01, 2024 | Updated by FindLaw Staff
No insurance may be issued, offered, sold, solicited or negotiated pursuant to this section unless:
A. the rental period of the rental agreement is ninety consecutive days or less;
B. at every location where rental agreements are executed, brochures or other written materials are readily available to the prospective renter that:
(1) summarize, clearly and correctly, the material terms and conditions of coverage offered to renters, including the identify of the insurer;
(2) describe the process for filing a claim in the event the renter elects to purchase coverage, including a toll-free telephone number to report a claim;
(3) provide the rental car agent's name, address, telephone number and license number, as well as the consumer hotline number for the superintendent of insurance;
(4) state that the rental car insurance offered by the rental car agent or endorsee may provide a duplication of coverage already provided by a renter's personal automobile policy or by another source of coverage;
(5) state that the purchase by the renter of the rental car insurance is not required in order to rent a rental car;
(6) state that neither the rental car agent nor its endorsees are qualified to evaluate the adequacy of the renter's existing insurance coverages;
(7) set forth the costs for the rental car insurance in the rental agreement; and
(8) contain any additional information as the superintendent of insurance may prescribe; and
C. evidence of the rental car insurance purchased is disclosed on the face of the rental agreement.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-32A-6. Rental car agent and endorsee restrictions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-32a-6/
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 or via Westlaw before relying on it for your legal needs.
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