New Mexico Register / Volume XXXIII, Issue 10 / May 24, 2022

This is a short-form amendment to 14.6.3 NMAC, Section 8, effective 9/1/2022.

Subsections A and B, Paragraphs (2) through (6) of Subsection C, and Subsections D through L were not shown as no changes were made.

14.6.3.8 LICENSE AND QUALIFYING PARTY REQUIREMENTS:

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C. Proof of financial responsibility.

(1) [Upon initial licensure and as a condition of renewal each applicant shall furnish to the division a bond in the amount of ten thousand dollars ($10,000) underwritten by a corporate surety authorized to transact business in New Mexico.] Upon initial licensure each applicant shall furnish to the division a bond, that shall cover the initial three-year licensure period, in the amount of ten thousand dollars ($10,000) underwritten by a corporate surety authorized to transact business in New Mexico. As a requirement for renewal of licensure, each applicant shall furnish to the division a new bond or a certificate of renewal, either of which shall establish that the bond remains valid for the entire period of renewal of licensure.

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[14.6.3.8 NMAC - Rp, 14.6.3.8 NMAC, 3/10/2022; A, 09/1/2022]