N.M. Admin. Code § 13.2.4.18
Current through Register Vol. 35, No. 24, December 23, 2024
Surety bonds submitted in lieu of special deposits shall be issued by a surety company qualified to transact surety business within the state of New Mexico, provided that such surety company shall not control, be controlled by, or be under common control with the insurer or service contract provider for which the bond is submitted.
N.M. Admin. Code § 13.2.4.18