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.
§ 59A-32-3 NMSA 1978
Purpose of assigned risk plan
Known as the Motor Vehicle Assigned Risks Law
The act spans §§ 59–59 (23 sections).
Laws 1984, ch. 127, § 521.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.