N.M. Admin. Code § 13.14.8.18

Current through Register Vol. 35, No. 23, December 10, 2024

Section 13.14.8.18 - CONTIGUITY OF PARCELS ENDORSEMENTS

NM form 54 or 66 may be attached to a policy upon being furnished with a satisfactory survey. These endorsements may not be attached to a policy that insures one to four family residential property.

A. For an owner's policy, the insured shall, have an interest (in fee, leasehold, or easement) in both parcels referred to in NM form 54, or in all parcels referred to in NM form 66.

B. For a loan policy the insured lender shall, have a lien upon an interest (in fee, leasehold, or easement) on both parcels referred to in NM form 54, or on all parcels referred to in NM form 66.

N.M. Admin. Code § 13.14.8.18

13.14.8.18 NMAC - N, 5-15-00; A, 5-31-00; A, 9-15-09, Amended by New Mexico Register, Volume XXVI, Issue 24, December 30, 2015, eff. 3/1/2016, Adopted by New Mexico Register, Volume XXXI, Issue 24, December 29, 2020, eff. 1/1/2021