2011 New Mexico Statutes
Chapter 59A: Insurance Code
Article 32: Motor Vehicle Insurance, 59A-32-1 through 59A-32-23
Section 59A-32-3: Purpose of assigned risk plan.
59A-32-3. Purpose of assigned risk plan.
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.
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