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Current as of January 01, 2024 | Updated by FindLaw Staff
A rental car agent or endorsee shall not:
A. offer, sell, bind, effect, solicit or negotiate the purchase of rental car insurance except in conjunction with and incidental to rental agreements;
B. advertise, represent or otherwise portray itself or any of its employees or agents as licensed insurers or insurance producers; or
C. pay any person, including a rental car endorsee, any compensation, fee or commission that is dependent solely on the placement of insurance under the license issued pursuant to the Rental Car Insurance Limited Producer License Act. Nothing in this section shall prohibit production payments or incentive payments to a person that are not dependent solely upon the sale of insurance.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-32A-7. Rental car agent and endorsee prohibitions - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-32a-7/
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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