All of the definitions contained in the bail bondsmen licensing law are applicable in this section. Additionally, as used in this rule:
- A. “Accredited provider” means a provider of either continuing education or of the required pre-licensing formal classroom education as described in Sections 13.20.2.11 NMAC and 13.20.2.12 NMAC, who has been awarded official approval by the insurance education committee and the superintendent.
- B. “Clock hour” means 50 minutes of continuous formal pre-licensing or continuing education classroom education.
- C. “Extraterritorial recovery” means travel outside of a 60-mile radius from the bail bondsman’s physical office address for purposes of recovering and delivering an absconder to the court.
- D. “Limited surety agent” has the same meaning as defined in Subsection C of Section 59A-51-2 NMSA 1978.
- E. “Principal” means a person acting on behalf of the defendant to arrange for or execute a surety bond and who bears the risk upon forfeiture.
- F. “Property bondsman” has the same meaning as defined in Subsection D of Section 59A-51-2 NMSA 1978.
- G. “Solicitor” has the same meaning as defined in Subsection E of Section 59A-51-2 NMSA 1978.
- H. “Sponsoring bondsman” means a licensed bail bondsman that has been accredited and awarded official approval by the insurance education committee and the superintendent to sponsor a solicitor and provide on-the-job training for bail bondsmen and solicitor applicants, as described in Section 13.20.2.12 NMAC.
I. “Superintendent” means the Superintendent of Insurance.
[13 NMAC 20.2.7 - Rp, 13.20.2.7 NMAC, 7/11/17]