New Mexico § 10-2-15 - Surety bond coverage
Full text of New Mexico New Mexico Statutes Annotated § 10-2-15 — Surety bond coverage, with citation guidance and answers to common questions.
§ 10-2-15. Surety bond coverage
A. The department shall provide surety bond coverage for all employees. Whenever an employee is required by another law to post bond or surety as a prerequisite
to entering employment or assuming office, the requirement is met when coverage is
provided for the office or position under the provisions of the Surety Bond Act. Notwithstanding any other provisions of law, no state agency or employee shall
purchase any employee surety bond other than pursuant to the provisions of the Surety
Bond Act. B. The secretary shall prescribe the amount of surety bond coverage by class of employee. C. All or any part of the amount of surety bond coverage prescribed by the secretary
may be covered by a schedule or blanket corporate surety bond. D. The department may provide coverage for employees of covered educational entities
through insurance, self-insurance or a combination thereof.
Frequently Asked Questions About New Mexico § 10-2-15
What does New Mexico Statutes Annotated § 10-2-15 cover?
Section 10-2-15 ("Surety bond coverage") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 10-2-15?
A common citation format is "New Mexico Statutes Annotated § 10-2-15" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 10-2-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.