{"data":{"id":"us-nm/59a-62-10","jurisdiction":"us-nm","citation":"59A-62-10","heading":"Fiduciary funds.","body":"A. Self-service storage insurance producers billing and collecting charges shall comply with the fiduciary requirements set forth in Section 59A-12-22 NMSA 1978, except that, pursuant to Paragraph (1) of Subsection B of Section 59A-12-22 NMSA 1978, the self-service storage insurance producer may remit received premiums, less applicable commissions, if any, and return premiums to the insurer or supervising entity within a time established by contract with the insurer or supervising entity, not to exceed sixty days after such receipt.\nB. All money received by a self-service storage insurance producer or its employees or authorized representatives from an occupant for the sale of self-service storage insurance shall be held by the self-service storage insurance producer in a fiduciary capacity for the benefit of the insurer. A self-service storage insurance producer may receive compensation for billing and collection services, as established by contract with the insurer or supervising entity.","path":["Chapter 59A - Insurance Code","ARTICLE 62 Self-Service Storage Insurance License"],"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":"3f12fddb06ac3a7dec8099732a0103bcd2961c2174c9c9651961849fda88efbe","source_id":"us-nm","stale":false,"prev":"us-nm/59a-62-9","next":"us-nm/59a-62-11"},"notice":"GroundRules: Original legal text. Not legal advice."}