N.M. Stat. § 59A-32A-2
Definitions.
As used in the Rental Car Insurance Limited Producer License Act:
A. "rental agreement" means a written master, corporate, group or individual
agreement setting forth the terms and conditions governing the use of a rental car
rented or leased by a rental car company;
B. "rental car" means a motor vehicle that is intended to be rented or leased for a
period of ninety consecutive days or less by a driver who is not required to possess a
commercial driver's license to operate the motor vehicle and the motor vehicle is one of
the following:
(1)
a private passenger motor vehicle, including a passenger van, minivan or
sports utility vehicle; or
(2)
a cargo vehicle, including a cargo van, pickup truck or truck with a gross
vehicle weight of less than twenty-six thousand pounds;
C. "rental car agent" means a rental car company that is licensed to offer, sell, bind,
effect, solicit or negotiate rental car insurance;
D. "rental car company" means a person or entity in the business of renting rental
cars to the public, including a franchisee;
E. "rental car insurance" means insurance sold in connection with and incidental to
the rental of vehicles, whether at the rental office or by a preselection of coverage in
master, corporate, group or individual agreements, that is nontransferable, does not
apply to any vehicle other than the rental car that is the subject of the rental agreement
and is limited to the following kinds of insurance:
(1)
personal accident insurance for renters and other rental car occupants, for
accidental death or dismemberment and reimbursement for medical expenses resulting
from an accident that occurs with the rental car during the rental period;
(2)
liability insurance that, at the exclusive option of the rental car company,
may include uninsured and underinsured motorist coverage, whether offered separately
or in combination with other liability insurance, and that provides protection to renters
and other authorized drivers of rental cars for liability arising from the operation of the
rental car during the rental period;
(3)
personal effects insurance that provides coverage to renters and other
vehicle occupants for loss of, or damage to, personal effects in the rental car during the
rental period;
(4)
roadside assistance and emergency sickness insurance; and
(5)
any other travel or vehicle-related insurance coverage that a rental car
company may offer in connection with and incidental to the rental of a rental car, as may
be approved by the superintendent of insurance;
F. "rental car endorsee" means a rental car agent employee who offers, sells, binds,
effects, solicits or negotiates rental car insurance; and
G. "renter" means a person who obtains the use of a vehicle from a rental car
company under the terms of a rental agreement.