{"data":{"id":"us-nm/59a-12c-5","jurisdiction":"us-nm","citation":"59A-12C-5","heading":"Disclosure.","body":"The broker, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the broker and the controlled insurer; except that, if the business is placed through a subbroker who is not a controlling broker, the controlling broker shall retain in his records a signed commitment from the subbroker that the subbroker is aware of the relationship between the insurer and the broker and that the subbroker has or will notify the insured.","path":["Chapter 59A - Insurance Code","ARTICLE 12C Broker Controlled Insurers"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"3afdcf498ac2bb2611eb04d89a761326869156386cbc077b03c5f53478cfa466","source_id":"us-nm","stale":false,"prev":"us-nm/59a-12c-4","next":"us-nm/59a-12c-6"},"notice":"GroundRules: Original legal text. Not legal advice."}