There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 66: Motor Vehicles
Article 5: Licensing of Operators and Chauffeurs; Financial Responsibility; Uninsured Motorists' Insurance; Identification Cards, 66-5-1 through 66-5-504
Section 66-5-220: Default by nonresident insurer.
NM Stat § 66-5-220 (1996 through 1st Sess 50th Legis) What's This?
66-5-220. Default by nonresident insurer.
If any insurance carrier not authorized to transact business in New Mexico that has qualified to furnish evidence of financial responsibility defaults in any undertakings or agreements, the department shall not thereafter accept evidence of financial responsibility of that carrier, whether previously filed or thereafter tendered as evidence, so long as the default continues.
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