If no plan which meets the requirements of Section 523 [59A-32-5 NMSA 1978] of this article above has been filed with the superintendent within ninety (90) days after June 30, 1959, or within the period stated in any order which disapproves an existing plan, the superintendent may formulate and prescribe a plan which does meet such requirements, after hearing or consultation with insurers authorized to transact in this state the business of automobile and motor vehicle bodily injury and property damage liability insurance. When any plan or plans or amendment thereto has or have been approved or prescribed, no insurer to which such plan is applicable shall thereafter issue any policy of such insurance, or undertake to transact such business in this state, unless the insurer participates in such plan.
History: Laws 1984, ch. 127, ยง 526.
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.