HOUSE BILL 582

50th legislature - STATE OF NEW MEXICO - first session, 2011

INTRODUCED BY

Antonio "Moe" Maestas

AN ACT

RELATING TO ALCOHOLIC BEVERAGES; MANDATING THAT CERTAIN LICENSEES UNDER THE LIQUOR CONTROL ACT CARRY A MINIMUM OF ONE MILLION DOLLARS ($1,000,000) IN LIABILITY INSURANCE COVERING THE USE OF A LICENSE.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. A new section of the Liquor Control Act is enacted to read:

     "[NEW MATERIAL] LIABILITY INSURANCE REQUIRED.--

          A. In addition to the other requirements and conditions in the Liquor Control Act for the issuance or renewal of a club, dispenser's, public service, restaurant, retailer's, small brewer's or winegrower's license, the applicant for a new license or a licensee seeking renewal of a license shall provide evidence, in a form required by the department, that the applicant or licensee carries one million dollars ($1,000,000) in liability insurance covering the use of the license.

          B. If a licensee fails to provide evidence of liability insurance as required by Subsection A of this section, the failure constitutes grounds for suspension or revocation of the licensee's license or a fine against the licensee pursuant to Section 60-6C-1 NMSA 1978.

          C. For the purposes of this section, "liability insurance" has the meaning ascribed to that term in the New Mexico Insurance Code."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2011.

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