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New Mexico bonds

New Mexico — Public Official Bond

Prepare your New Mexico Public Official Bond around the office you will hold. With the recipient's form and requested amount ready, Purchase Now takes you to the Propeller application.

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Recorded state
New Mexico
Category
Public officials & government

What this bond does

The bond backs performance of the public duties described in your bond form, including any stated responsibility for entrusted funds or property.

Who needs it
A New Mexico public officeholder or administrator arranging a requested official bond.
Who it protects
The named obligee receives the bond's protection. An individual official bond does not automatically protect every employee of the public body.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Identify the office and capacity

If you hold more than one title, identify which capacity the bond request concerns. Give the provider the public body's full name and the duties described in the request, rather than combining separate roles in one application.

Propeller opens in a new tab from Purchase Now. Review the applicant and dates before submitting. After issuance, follow the receiving office's execution and delivery instructions.

Sources

Have these ready

  1. Office title, public body and appointment or election dates.
  2. Accepted form and written amount; details of any existing bond being replaced.

Questions about this bond

Does one bond cover two offices?

Use the capacities expressly included in the requested form. Holding both offices does not establish that a single bond covers them.

Is this personal liability coverage?

No. The bond secures the stated official obligation for its obligee; personal liability insurance has separate terms.

What if the request has no amount?

Obtain the amount from the office requesting the bond before completing that part of the application.

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