2009 New Mexico Statutes
Chapter 61 - Professional and Occupational Licenses.
Article 27B - Private Investigations Act
Section 61-27B-24 - Bond required. (Repealed effective July 1, 2012.)
61-27B-24. Bond required. (Repealed effective July 1, 2012.)
A. A private investigation company shall file with the department a surety bond in the amount of ten thousand dollars ($10,000) executed by a surety company authorized to do business in this state.
B. The owner or the chief executive officer of a private investigation company that provides personal protection or bodyguard services or the owner or the chief executive office of a private patrol company shall maintain a general liability certificate of insurance in an amount required by the department.
C. A surety bond in the amount of ten thousand dollars ($10,000) or a general liability certificate of insurance executed and filed with the department pursuant to the Private Investigations Act [61-27B-1 NMSA 1978] shall remain in force until the surety company issuing the bond or the certificate has terminated future indemnity by notice to the department.
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