N.M. Admin. Code § 13.4.2.20
Current through Register Vol. 35, No. 24, December 23, 2024
Section 13.4.2.20 - [Effective 4/1/2025] LICENSING OF FRATERNAL BENEFIT SOCIETY PRODUCERSA.License required. Individuals shall be licensed as producers as described in 13.4.2.9 NMAC and business entities shall be licensed as producers as described in 13.4.2.10 NMAC, except as follows: (1) Fraternal benefit society producers are not required to fulfill the continuing education requirements set forth in 13.4.7 NMAC.(2) Fraternal Benefit producers shall actively hold a producer license with the line of authority within the requested license class as follows; (a) A fraternal accident and health or sickness producer license requires an accident and health or sickness producer license.(b) A fraternal life or a fraternal variable annuity producer license requires a life insurance producer license.(c) A fraternal life or an annuity producer licenses requires a life insurance producer license.B.Continuation, suspension, revocation and termination of licenses. General provisions pertaining to the continuation, suspension, revocation and termination of producer licenses shall also apply to licenses issued to fraternal benefit society producers as set forth in 13.4.2.27 and 13.4.2.28 NMAC.N.M. Admin. Code § 13.4.2.20
Adopted by New Mexico Register, Volume XXIX, Issue 06, March 27, 2018, eff. 4/2/2018, Adopted by New Mexico Register, Volume XXXV, Issue 23, December 10, 2024, eff. 4/1/2025