New Mexico License Law
NMREC requires active New Mexico licensees to carry errors and omissions (E&O) insurance with a minimum coverage of:
A$50,000 per occurrence
B$100,000 per occurrence / $300,000 aggregate✓ Correct
C$500,000 per occurrence
D$1,000,000 per occurrence
Explanation
NMREC requires active New Mexico licensees to maintain E&O insurance with minimum coverage of $100,000 per occurrence and $300,000 aggregate to protect clients from licensee errors.
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