N.M. Stat. Ann. § 61-27B-11
A. The department shall issue a license for a private patrol company to a person who files a completed application accompanied by the required fees and who submits satisfactory evidence that the applicant:
(6) meets all other requirements set forth in the rules of the department.
B. The owner or the chief executive officer of a private patrol company shall maintain a general liability certificate of insurance in an amount required by the department. The department shall suspend the license issued pursuant to this section of a private patrol company that fails to maintain an effective general liability certificate of insurance as required. The department shall not reinstate the license of a private patrol company that has had its license suspended pursuant to this subsection until an application is submitted to the department with the necessary fees and a copy of the private patrol company's general liability certificate of insurance newly in effect. The department may deny an application for reinstatement of a private patrol company's license, notwithstanding the applicant's compliance with this subsection for:
History: Laws 2007, ch. 115, § 11.
Cross references. — For definition of "private patrol company", see 61-27B-2 NMSA 1978.
Compiler's note. — Laws 2007, ch. 115, § 11 was enacted as 61-27A-6.4 NMSA 1978. It has been codified by the compiler as 61-27B-11 NMSA 1978. See the compiler's note following 61-27B-1 NMSA 1978.
Delayed repeal. — For delayed repeal of the section, see 61-27B-36 NMSA 1978.
Effective dates. — Laws 2007, ch. 115, § 38, makes the section effective July 1, 2007.