A self-service storage insurance producer shall not compensate an employee or authorized representative based primarily on the number of occupants that purchase self-service storage insurance from the self-service storage insurance producer unless that compensation is incidental to the employee's or authorized representative's overall compensation.
History: Laws 2019, ch. 219, § 7.
Effective dates. — Laws 2019, ch. 219, § 14 made Laws 2019, ch. 219 effective July 1, 2019.
Structure New Mexico Statutes
Article 62 - Self-Service Storage Insurance License
Section 59A-62-1 - Short title.
Section 59A-62-2 - Definitions.
Section 59A-62-3 - Self-service storage insurance producer license.
Section 59A-62-4 - Registry of authorized locations.
Section 59A-62-5 - Disclosure of terms.
Section 59A-62-6 - Authorized employees and representatives.
Section 59A-62-7 - Commissions.
Section 59A-62-8 - Required training programs.
Section 59A-62-9 - Collection of fees.