1. A. This rule applies to all licensed adjusters, insurance producers, limited surety agents, bail bond solicitors, property bondsmen, and nonresident insurance producers unless exempted by Subsection B of this section.

2. B. The continuing education requirements of this rule shall not apply to:

   1. (1) holders of limited licenses issued pursuant to Section 59A-12-18 NMSA 1978;
   2. (2) licensees who have been continuously licensed by the superintendent for 25 years or more, without a lapse of more than 90 days;
   3. (3) persons who maintain a license solely for the purpose of receiving renewal fee residuals and who do not otherwise transact the business of insurance;
   4. (4) agents of fraternal benefit societies licensed pursuant to Section 59A-44-33 NMSA 1978; or
   5. (5) nonresident insurance licensees who are licensed in another state or country that requires completion of continuing education courses.

[13.4.7.2 NMAC - Rp, 13.4.7.2 NMAC, 2/27/2018]