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2017 New Mexico Statutes
Chapter 59A - Insurance Code
Article 32 - Motor Vehicle Insurance
Section 59A-32-19 - Discounts or reductions in premiums.
Universal Citation: NM Stat § 59A-32-19 (2017)
59A-32-19. Discounts or reductions in premiums.
Nothing in Sections 59A-32-14 through 59A-32-18 NMSA 1978 shall prohibit an insurer offering private passenger motor vehicle insurance to New Mexico residents from providing a minimum twenty percent premium discount for bodily injury liability, property damage liability and collision coverages.
History: Laws 1987, ch. 18, 6; 1991, ch. 135, 1; 1993, ch. 194, 1.
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