National Commission assigns order of the errors and omissions insurance
Rice Services Insurance Underwriting and Williams have received a group treated by the New Mexico Real Estate Commission, errors and omissions insurance brokerage real estate from 1 January.
Wayne Ciddio Executive Secretary of the Commission, said the contract is subject to approval by the State and the Department of Insurance purchases of the division of insurance. The insurance covers problems because of errors and omissions in real estate transactions.
The legislature a law of 2001 on the authorisation of the Commission, errors and omissions program and collect bids from insurance companies. The Commission has adopted provisions in the August and sent a request for proposals.
Rice said Ciddio Insurance Services of Louisville, Ky., And Williams Underwriting Group of Jeffersonville, Ind., were the only two companies a response to the request. Both companies offer insurance errors and omissions in 11 states and one Canadian province, who need it.
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