N.M. Stat. § 59A-12C-7
Effective date.
Controlled insurers and controlling brokers who are not in compliance with Section
59A-12C-4 NMSA 1978 on its effective date shall have until July 31, 1993 to come into
compliance and shall comply with Section 59A-12C-5 NMSA 1978 beginning with all
policies written or renewed on or after August 1, 1993.