Current through Register Vol. 35, No. 11, June 11, 2024
Section 13.20.2.7 - DEFINITIONS All of the definitions contained in the bail bondsmen licensing law are applicable in this section. Additionally, as used in this rule:
A."Accredited provider" means a provider of either continuing education or of the required pre-licensing formal classroom education as described in Sections 13.20.2.11 NMAC and 13.20.2.12 NMAC, who has been awarded official approval by the insurance education committee and the superintendent.B."Clock hour" means 50 minutes of continuous formal pre-licensing or continuing education classroom education.C."Extraterritorial recovery" means travel outside of a 60-mile radius from the bail bondsman's physical office address for purposes of recovering and delivering an absconder to the court.D."Limited surety agent" has the same meaning as defined in Subsection C of Section 59A-51-2 NMSA 1978.E."Principal" means a person acting on behalf of the defendant to arrange for or execute a surety bond and who bears the risk upon forfeiture.F."Property bondsman" has the same meaning as defined in Subsection D of Section 59A-51-2 NMSA 1978.G."Solicitor" has the same meaning as defined in Subsection E of Section 59A-51-2 NMSA 1978.H."Sponsoring bondsman" means a licensed bail bondsman that has been accredited and awarded official approval by the insurance education committee and the superintendent to sponsor a solicitor and provide on-the-job training for bail bondsmen and solicitor applicants, as described in Section 13.20.2.12 NMAC.I."Superintendent" means the Superintendent of Insurance.1/1/00; Recompiled 11/30/01, Adopted by New Mexico Register, Volume XXVIII, Issue 13, July 11, 2017, eff. 7/11/2017