A. A resident adjuster shall have and maintain a principal place of business in this state that is easily accessible to the public and is the place where the adjuster principally conducts transactions under the license. The address of the principal place of business shall appear on the application for license and on the license.
B. An adjuster shall promptly notify the superintendent of a change of address. Failure to notify the superintendent of a change of address within twenty days shall subject the licensee to a penalty in the amount of fifty dollars ($50.00).
History: Laws 1984, ch. 127, § 237; 2003, ch. 306, § 7; 2011, ch. 127, § 9.
ANNOTATIONSThe 2011 amendment, effective July 1, 2011, required a resident adjuster to maintain a principal place of business in New Mexico and required an adjuster to notify the superintendent of a change of address.
The 2003 amendment, effective June 20, 2003 substituted "and" for "in this state and while so licensed shall", inserted "in the state that is" following "principal place of business", and substituted "is the place" for "from which" all near the beginning of the section and added the final sentence.