45th legislature - STATE OF NEW MEXICO - first session, 2001

RELATING TO INSURANCE; LIMITING THE NUMBER OF SOLICITORS EMPLOYED BY A BAIL BONDSMAN.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. Section 59A-51-12 NMSA 1978 (being Laws 1984, Chapter 127, Section 939) is amended to read:

"59A-51-12. APPOINTMENT OR TERMINATION OF SOLICITORS.--

A. [Every] A licensed bail bondsman may appoint as [solicitor any individual] solicitors not more than five individuals who [holds or has] hold or have qualified for a solicitor's license. [Each] A bail bondsman shall annually, prior to March 1, file with the superintendent an alphabetical list of all solicitors whose appointment and license in this state is to be continued in effect, accompanied by payment of the applicable continuation fees.

B. A bail bondsman terminating the appointment of a solicitor shall, within thirty [(30)] days, file written notice [thereof] of the termination with the superintendent, together with a statement that he has given or mailed notice to the solicitor. [Such] The notice filed with the superintendent shall state the reasons, if any, for [such] the termination. Information so furnished to the superintendent shall be privileged and shall not be used as evidence in any action against the bail bondsman."