There is created in the state treasury a fund that shall be known as the "insurance licensee continuing education fund". All fees imposed by the provisions of Section 59A-12-26 NMSA 1978 shall be deposited in the insurance licensee continuing education fund for the purpose of administering the continuing education program.
History: Laws 1988, ch. 112, § 1; 2016, ch. 89, § 45.
The 2016 amendment, effective July 1, 2017, clarified language regarding the insurance licensee continuing education fund; in the catchline, added "insurance licensee", and after "fund", deleted "appropriation"; in the first sentence, after "treasury a fund", deleted "which" and added "that"; and in the second sentence, after "provisions of Section", deleted "2 of this act" and added "59A-12-26 NMSA 1978", after "in the insurance licensee continuing education fund", deleted "and are appropriated", and after "administering the continuing education program", deleted "pursuant to the provisions of Section 59A-12-26 NMSA 1978 to be expended upon voucher by the superintendent of insurance".
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 12 - Insurance Producers
Section 59A-12-1 - Purpose and scope of article.
Section 59A-12-2 - Definitions.
Section 59A-12-3 - "Broker" defined.
Section 59A-12-4 - License required.
Section 59A-12-7 - Exemptions from license requirements.
Section 59A-12-11 - No license where shares or interest used as inducement to insurance.
Section 59A-12-13 - Special requirements, title insurance producers.
Section 59A-12-15 - Licensing business entities.
Section 59A-12-16 - Examination for license.
Section 59A-12-17 - Scope of license.
Section 59A-12-18 - Limited lines.
Section 59A-12-18.1 - Limited lines travel insurance producer license.
Section 59A-12-19 - Temporary licenses.
Section 59A-12-20 - Place of business.
Section 59A-12-20.1 - Repealed.
Section 59A-12-21 - Records of insurance producer.
Section 59A-12-23 - Insurance vending machines.
Section 59A-12-24 - Sharing of commissions.
Section 59A-12-25 - Nonresident insurance producers; retaliation.
Section 59A-12-26 - Continuing education.
Section 59A-12-26.1 - Insurance licensee continuing education fund.
Section 59A-12-27 - Assumed names.