A private investigation company or a private patrol company shall maintain a general liability certificate of insurance in an amount required by the department. History: Laws 1993, ch. 212, § 11; § 61-27A-11 recompiled as § 61-27B-24; Laws 2007, ch. 115, § 24; 2023, ch. 190, § 48. Delayed repeal. — For delayed repeal of the section, see 61-27B-36 NMSA 1978. Recompilations. — For recompilation of this section, see compiler's note following 61-27B-1 NMSA 1978. The 2023 amendment, effective July 1, 2023, removed provisions requiring a private investigation company to file with the department a surety bond; changed the section heading from "Bond required" to "Liability insurance"; deleted former Subsection A ; deleted former subsection designation "B."; deleted "The owner or the chief executive officer of"; after "A private investigation company", deleted "that provides personal protection or bodyguard services or the owner or the chief executive office of" and added "or"; and deleted former Subsection C. The 2007 amendment, effective July 1, 2007, requires a private investigation company to file a surety bond in the amount of $10,000 and to maintain a general liability certificate of insurance in an amount required by the department. Face amount of bond represents total liability of surety regardless of the number of claims which may be filed against the licensee. 1965 Op. Att'y Gen. No. 65-187. Am. Jur. 2d, A.L.R. and C.J.S. references. — 51 Am. Jur. 2d Licenses and Permits §§ 48, 49, 55. 53 C.J.S. Licenses § 42.
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