It is the purpose of the Workers' Compensation Assigned Risk Pool Law to provide for the insurance of workers' compensation insurance risks that have, in good faith but without success, sought insurance in the usual manner from any two or more insurers authorized to transact in New Mexico the business of workers' compensation insurance and to provide for the equitable distribution of risks among commercial line insurers.
§ 59A-33-3 NMSA 1978
Purpose
Known as the Workers' Compensation Assigned Risk Pool Law
The act spans §§ 59–59 (18 sections).
Laws 1984, ch. 127, § 535; 1989, ch. 42, § 3; 1990 (2nd S.S.), ch. 2, § 94; 1993, ch. 201, § 1.
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.