New Mexico Statutes
Chapter 59A - Insurance Code
Article 58 - Service Contract Regulation

Section 59A-58-1 - Short title. - Chapter 59A, Article 58 NMSA 1978 may be cited as...

Section 59A-58-2 - Definitions. - As used in the Service Contract Regulation Act: A. "administrator"...

Section 59A-58-3 - Exclusions from act. - The provisions of the Service Contract Regulation Act do not...

Section 59A-58-4 - Prohibition of sale of service contract unless registered. - A provider shall not issue, sell or offer for sale...

Section 59A-58-5 - Registration requirements. - A. A provider who wishes to issue, sell or offer...

Section 59A-58-6 - Security required for registration of provider. - A. To ensure the faithful performance of a provider's obligations...

Section 59A-58-7 - Transactions exempt from premium tax. - The premium tax imposed pursuant to Chapter 59A, Article 6...

Section 59A-58-8 - Transactions not subject to New Mexico Insurance Code; exceptions. - A. Except as otherwise provided in the Service Contract Regulation...

Section 59A-58-9 - Right of holder to return service contract for refund. - A. A service contract is void and a provider shall...

Section 59A-58-10 - Information required in service contract. - A. A service contract shall: (1) be written in language...

Section 59A-58-10.1 - Automatic renewal; notice. - A. A provider shall not include an automatic renewal provision...

Section 59A-58-11 - Receipt for and copy of service contract required. - A. A provider shall provide a receipt for, or other...

Section 59A-58-12 - Cancellation of service contract. - A. No service contract that has been in effect for...

Section 59A-58-13 - Business name restrictions. - A. Except as otherwise provided in this section, a provider...

Section 59A-58-14 - Prohibition of requiring purchase of service contract as a condition of loan approval or purchase of property. - No person may require the purchase of a service contract...

Section 59A-58-15 - Records requirements. - A. A provider shall maintain records of the transactions governed...

Section 59A-58-16 - Examinations and inspection of books by superintendent. - A. The superintendent may conduct examinations to enforce the provisions...

Section 59A-58-17 - Civil penalty for violation. - A person who violates any provision of the Service Contract...

Section 59A-58-18 - Rulemaking. - The superintendent may adopt rules necessary to carry out the...