New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 61 - REAL ESTATE BROKERS
Part 5 - ERRORS AND OMISSIONS INSURANCE
Section 16.61.5.12 - INSURANCE REQUIREMENTS SUSPENDED
Universal Citation: 16 NM Admin Code 16.61.5.12
Current through Register Vol. 35, No. 18, September 24, 2024
The requirements of 16.61.5 NMAC shall be suspended if the commission through a competitive bidding and contract award process is not able to enter into a contract with a qualified insurance carrier to make available to all applicants for or holders of active New Mexico real estate broker's licenses a group policy of insurance under the terms and conditions described in Part 5.
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