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New Mexico · Through 2026-07-01

59A-32-3: Purpose of assigned risk plan.

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Where this section sits in the code
  1. Chapter 59A - Insurance Code
  2. ARTICLE 32 Motor Vehicle Insurance

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.

Collected 2026-09-03T15:02:20Z. Source file · JSON

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