Notwithstanding any provision of the Rental Car Insurance Limited Producer License Act or any other rule or statute, a licensee pursuant to that act shall not be required to treat money collected from renters purchasing rental car insurance when renting rental cars as funds received in a fiduciary capacity or to hold the funds in separate trust accounts.
History: Laws 2001, ch. 94, § 9.
Effective dates. — Laws 2001, ch. 94, § 10 made the Rental Car Insurance Limited Producer License Act effective July 1, 2001.
Structure New Mexico Statutes
Article 32A - Rental Car Insurance Limited Producer License
Section 59A-32A-1 - Short title.
Section 59A-32A-2 - Definitions.
Section 59A-32A-3 - General rules.
Section 59A-32A-4 - Licensing rental car companies as rental car agents.
Section 59A-32A-5 - Rental car endorsees.
Section 59A-32A-6 - Rental car agent and endorsee restrictions.
Section 59A-32A-7 - Rental car agent and endorsee prohibitions.