N.M. Admin. Code § 21.17.50.22

Current through Register Vol. 35, No. 24, December 23, 2024

Section 21.17.50.22 - MINIMUM COVERAGE REQUIREMENTS

A. Surety bond -- $100,000.

B. Liability insurance:

(1) Aircraft.

(a) Bodily injury -- $25,000 each occurrence, $50,000 aggregate.

(b) Property damage -- $50,000 each occurrence.

(c) Single limit bodily injury and property damage -- $100,000.

(2) Ground or manual.

(a) Bodily injury -- $10,000 each occurrence -- $25,000 aggregate.

(b) Property damage -- $25,000 each occurrence.

(c) Single limit bodily injury and property damage -- $50,000.

(3) Maximum amount of deductible (if applicable) -- $1,000.

N.M. Admin. Code § 21.17.50.22

7/1/97; 21.17.50.22 NMAC - Rn, 21 NMAC 17.50.22, 11/30/05