A. The superintendent shall waive any requirements for a nonresident license applicant with a valid license from the applicant's home state, except the requirements imposed by Section 23 [59A-11-24 NMSA 1978] of this 2016 act, if the applicant's home state awards nonresident licenses to residents of this state on the same basis.
B. A nonresident licensee's satisfaction of the nonresident licensee's home state's continuing education requirements shall constitute satisfaction of the continuing education requirements if the nonresident licensee's home state recognizes the satisfaction of its continuing education requirements imposed upon licensees from New Mexico on the same basis.
History: Laws 2016, ch. 89, § 22.
Effective dates. — Laws 2016, ch. 89, § 72 made Laws 2016, ch. 89, § 22 effective July 1, 2017.
Severability. — Laws 2016, ch. 89, § 71 provided that if any part or application of Laws 2016, ch. 89 is held invalid, the remainder or its application to other situations or persons shall not be affected.
Structure New Mexico Statutes
Article 11 - Licensing Procedures for Producers and Others
Section 59A-11-1 - Scope of article.
Section 59A-11-2 - Application for license; individual.
Section 59A-11-3 - Application by firm or corporation.
Section 59A-11-4 - Temporary licenses.
Section 59A-11-5 - Vending machine licenses.
Section 59A-11-6 - Examination of applicant.
Section 59A-11-7 - Character evaluation, criminal record.
Section 59A-11-8 - Issuance or refusal to issue or renew license.
Section 59A-11-9 - License contents; number required.
Section 59A-11-10 - Continuation, expiration of license.
Section 59A-11-11 - License and appointment continuation, expiration; staggered dates system.
Section 59A-11-12 - Appointment of insurance producer; continuation.
Section 59A-11-13 - Insurance producers' rights; cancellation.
Section 59A-11-14 - Suspension, revocation, refusal to continue license; grounds.
Section 59A-11-15 - Procedure for suspension, revocation or refusal to continue license.
Section 59A-11-16 - Duration of suspension.
Section 59A-11-17 - Administrative fine in lieu [of suspension, etc.].
Section 59A-11-18 - Relicensing after revocation or refusal to continue.
Section 59A-11-20 - License records.
Section 59A-11-21 - Penalties.
Section 59A-11-22 - Duty to report.