The purpose of the assigned risk plan is to provide for the equitable distribution and apportionment among insurers authorized to transact in this state the business of automobile and motor vehicle bodily injury, property damage liability and physical damage insurance, of insurance afforded applicants who are in good faith entitled to, but who are unable to procure, such insurance through ordinary methods.
History: Laws 1984, ch. 127, ยง 521.
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.