No title insurer or title insurance agent shall use any form of title insurance policy other than the uniform forms promulgated by the superintendent under the New Mexico Title Insurance Law. The superintendent shall not promulgate any uniform form under which the coverage offered is excessive or inadequate in relation to the premium charged for the coverage.
§ 59A-30-5 NMSA 1978
Policy forms
Known as the New Mexico Title Insurance Law
The act spans §§ 59–59 (19 sections).
1978 Comp., § 59A-30-5, enacted by Laws 1985, ch. 28, § 5.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.