N.M. Admin. Code § 16.66.9.11

Current through Register Vol. 35, No. 17, September 10, 2024

Section 16.66.9.11 - GROUP INSURANCE POLICIES ESTABLISHED BY THE BOARD

A. The board may, at its discretion, solicit sealed, competitive proposals from insurance carriers to provide a group errors and omissions insurance policy that complies with the terms and conditions established by this Part. The Board may approve one or more policies that comply with the board rules.

B. The board may, at is discretion, solicit sealed, competitive proposals from insurance carriers to provide a professional liability insurance policy that complies with the terms and conditions established by this part. The board may approve one or more policies that comply with the board rules.

C. In the event that the board approves a group insurance policy, licensees are required to neither purchase the group policy nor contract with the group policy provider.

N.M. Admin. Code § 16.66.9.11

Adopted by New Mexico Register, Volume XXXI, Issue 23, December 15, 2020, eff. 1/15/2021