NMSA §47-7C-13

Condominium Act — Insurance

Condominium association must maintain property insurance on common elements at not less than 80% of actual cash value and liability insurance. Insurance commences at first conveyance to a non-declarant purchaser.

Status Active

Effective May 19, 1982

Verified Apr 15, 2026

Source Statute text — nmonesource.com

Reviewed April 15, 2026 · New Mexico changes feed

Source Provenance NMSA §47-7C-13

Primary source: Statute text — nmonesource.com
Source verified: 2026-04-15
Human review: Not yet signed off by a named reviewer (source-verified by scraper pipeline only)
Text snapshot: Not yet captured
Change monitoring: Active · 0 change events on record · New Mexico feed
Threshold extraction: No executable thresholds extracted (procedural or interpretive statute)
Applicability: Not currently mapped to a resale-certificate profile

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Insurance

Ref	Requirement
	Condominium association must maintain property insurance on common elements at not less than 80% of actual cash value and liability insurance.
	Insurance commences at first conveyance to a non-declarant purchaser.

Legal Topics

Insurance Requirements New Mexico

Legal references last verified April 15, 2026. This content is educational and informational. It does not constitute legal advice. Consult a licensed attorney in your state for legal guidance specific to your situation.

Condominium Act — Insurance

New Mexico Laws

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