Brokers who fail to obtain and maintain an errors and omissions insurance policy as specified herein are guilty of violating NMSA 1978 Section 61-29-4.2 of the Real Estate License Law and are subject to license suspension and revocation as provided in Section 61-29-12 A (10).

HISTORY of 16.61.5 NMAC: [RESERVED]

[16.61.5.13 NMAC - N, 1-1-2006]