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2020 New Mexico Statutes
Chapter 59A - Insurance Code
Article 32 - Motor Vehicle Insurance
Section 59A-32-3 - Purpose of assigned risk plan.
Universal Citation: NM Stat § 59A-32-3 (2020)
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.
History: Laws 1984, ch. 127, ยง 521.
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