New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 66 - HOME INSPECTION LICENSING
Part 9 - INSURANCE
Section 16.66.9.9 - ERRORS AND OMISSIONS INSURANCE

Universal Citation: 16 NM Admin Code 16.66.9.9

Current through Register Vol. 35, No. 18, September 24, 2024

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.

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