It is the purpose of the Workers' Compensation Assigned Risk Pool Law to provide for the insurance of workers' compensation insurance risks that have, in good faith but without success, sought insurance in the usual manner from any two or more insurers authorized to transact in New Mexico the business of workers' compensation insurance and to provide for the equitable distribution of risks among commercial line insurers.
History: Laws 1984, ch. 127, § 535; 1989, ch. 42, § 3; 1990 (2nd S.S.), ch. 2, § 94; 1993, ch. 201, § 1.
The 1993 amendment, effective June 18, 1993, deleted "as determined by the superintendent" at the end of the section and made a minor stylistic change.
Law reviews. — For survey of 1990-91 workers' compensation law, see 22 N.M.L. Rev. 845 (1992).
Am. Jur. 2d, A.L.R. and C.J.S. references. — 82 Am. Jur. 2d Workers' Compensation § 469.
100 C.J.S. Workmen's Compensation § 372.
Structure New Mexico Statutes
Article 33 - Workers' Compensation Insurance Contracts and Assigned Risks
Section 59A-33-1 - Assigned risk pool, short title.
Section 59A-33-2 - Scope of article.
Section 59A-33-4 - Definitions.
Section 59A-33-5 - Organization of assigned risk pool.
Section 59A-33-5.1 - Operation of pool.
Section 59A-33-5.2 - Pool deficit review.
Section 59A-33-6 - Powers of the pool; duty of member companies; servicing carriers.
Section 59A-33-7 - Assignment of risks by the pool.
Section 59A-33-8 - Issuance of policy; annual report.
Section 59A-33-9 - Rules and regulations.
Section 59A-33-9.1 - Policyholders' duty to disclose; ratings experience.
Section 59A-33-10 - Authority of superintendent.
Section 59A-33-11 - Safety rules prescribed by the pool.
Section 59A-33-12 - Appeal to superintendent.