N.M. Admin. Code § 13.4.5.13 - EXEMPTIONS FROM EXAMINATION REQUIREMENTS
A. No such examination will be required of an
applicant for continuation or renewal of an existing insurance administrator's
license.
B. In his discretion, the
superintendent may waive the examination requirement for insurance
administrators who were operating in New Mexico prior to June 16, 1989, the
effective date of Chapter 59A, Article 12A NMSA 1978 pursuant to Section
59A-12A-3B NMSA 1978.
C. Upon
request from an applicant, the superintendent may waive the examination
requirement if the applicant holds a valid certificate of authority as an
administrator issued in a state which the superintendent has determined has
standards for administrators that are at least as stringent as those contained
in the model statute for third party administrators of the national association
of insurance commissioners.
Notes
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