NM General Contractor Practice Questions - New Mexico General Contractor Exam

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What is the minimum NM requirement for a contractor to carry workers' compensation if they have fewer than three employees?

It is optional but recommended for businesses with fewer than three employees All contractors must carry workers' compensation regardless of employee count Workers' compensation is never required in NM Only contractors with more than 50 employees need coverage

Correct Answer:

It is optional but recommended for businesses with fewer than three employees

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