N.M. Admin. Code § 13.14.5.13
Current through Register Vol. 35, No. 23, December 10, 2024
A pro forma policy may be issued only if the land is not one to four family residential property. In such case, schedule A shall conspicuously state: "This is a pro forma policy furnished to or on behalf of the party proposed to be insured for discussion only. It does not reflect the present status of title and is not a commitment to insure the estate or interest as shown herein, nor does it evidence the willingness of the company to provide any coverage shown herein. Any such commitment must be an express written undertaking issued on the appropriate forms of the company."
N.M. Admin. Code § 13.14.5.13