No person shall provide motor club services or do business as a motor club in this state without having first met the requirements of this article, and having obtained a certificate of authority from the superintendent. The fee for such certificate shall be as specified in Section 101 [59A-6-1 N.M. Stat. Ann.] (fee schedule) of the Insurance Code.

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Terms Used In New Mexico Statutes 59A-50-3

  • motor club: means a person engaged, directly or indirectly either as principal or agent, in selling or offering for sale, furnishing or procuring motor club service to members or subscribers. See New Mexico Statutes 59A-50-2