N.M. Admin. Code § 16.66.9.9

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

Section 16.66.9.9 - ERRORS AND OMISSIONS INSURANCE

A. A licensee's or applicant's errors and omissions insurance policy shall be, at a minimum, in the amount of $250,000 in the aggregate.

B. Every proof of an errors and omissions insurance policy shall stipulate that cancellation or nonrenewal of the policy shall not be effective until at least ten days' notice of intention to cancel or not renew has been received in writing by the board.

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