A. Any rates, rating schedules or rating manuals for the liability, personal injury protection and collision coverages of a motor vehicle insurance policy submitted to or filed with the superintendent of insurance shall provide for an appropriate reduction in premium charges for a three-year consecutive period for such coverages when the principal operator of the covered vehicle:
(1) is an insured driver fifty-five years or older; and
(2) has successfully completed a motor vehicle accident prevention course approved by the traffic safety bureau of the state highway and transportation department.
B. Any discount used by the insurer pursuant to this section shall be presumed appropriate unless credible data demonstrates otherwise.
History: Laws 1987, ch. 18, § 1; 1989, ch. 131, § 1.
Law reviews. — For annual survey of New Mexico insurance law, see 19 N.M.L. Rev. 717 (1990).
Structure New Mexico Statutes
Article 32 - Motor Vehicle Insurance
Section 59A-32-1 - Assigned risk plan, short title.
Section 59A-32-2 - Scope of article.
Section 59A-32-3 - Purpose of assigned risk plan.
Section 59A-32-4 - Assigned risk plan.
Section 59A-32-5 - Requirements of assigned risk plans.
Section 59A-32-6 - Review of proposed assigned risk plans.
Section 59A-32-7 - Disapproval of effective assigned risk plans.
Section 59A-32-8 - Failure to file plan; assigned risk plan prescribed.
Section 59A-32-9 - Appeal to governing committee.
Section 59A-32-10 - Appeal to superintendent.
Section 59A-32-11 - Action by superintendent.
Section 59A-32-12 - Action by superintendent; review.
Section 59A-32-13 - Rules and regulations.
Section 59A-32-14 - Insurance policies; appropriate reduction in premiums.
Section 59A-32-15 - Conditions for maintaining the discount.
Section 59A-32-16 - Certificate of course completion.
Section 59A-32-17 - Exceptions.
Section 59A-32-18 - Continued eligibility.
Section 59A-32-19 - Discounts or reductions in premiums.
Section 59A-32-20 - Rental car companies; insurance coverage.
Section 59A-32-21 - Discounts for comprehensive coverage.
Section 59A-32-22 - Freedom of choice; doctor of oriental medicine.
Section 59A-32-23 - Vehicle insurance; primary liability; assignment; notice.