New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 22 - PSYCHOLOGISTS AND PSYCHOLOGIST ASSOCIATES
Part 24 - APPLICATION PROCEDURES: TWO-YEAR SUPERVISED PRACTICE
Section 16.22.24.9 - CONDITIONS OF PRACTICE; MALPRACTICE INSURANCE
Current through Register Vol. 35, No. 18, September 24, 2024
A. The conditional prescribing psychologist shall maintain malpractice insurance covering claims for personal injury arising out of his or her performance of professional services and claims arising out of his or her act, errors or omissions in providing professional services, including prescribing psychotropic medication. Such malpractice insurance coverage shall be no less than one (1) million dollars per occurrence with an aggregate limit of three (3) million dollars.
B. The conditional prescribing psychologist shall submit to the board the declaration page of his or her malpractice insurance policy, when instituted, and thereafter on the policy renewal date, as proof of this required insurance upon making application for the conditional prescription certificate, and proof that the policy covers the prescribing of psychotropic drugs.