N.M. Stat. § 59A-32A-9

Trust accounts.

Last amended: 2001Year: 2026Length: 58 wordsOfficial source
Notwithstanding any provision of the Rental Car Insurance Limited Producer License Act or any other rule or statute, a licensee pursuant to that act shall not be required to treat money collected from renters purchasing rental car insurance when renting rental cars as funds received in a fiduciary capacity or to hold the funds in separate trust accounts.
N.M. Stat. § 59A-32A-9: Trust accounts. | Justis AI