When any person makes application to two or more insurers writing workers' compensation insurance for workers' compensation insurance and the insurers in good faith reject in writing the application, that person may file with the pool an application for assignment of the risk to a servicing carrier. If it appears to the pool that the risk is, in good faith, entitled to insurance, the pool shall assign such risk to a servicing carrier.
§ 59A-33-7 NMSA 1978
Assignment of risks by the pool
Known as the Workers' Compensation Assigned Risk Pool Law
The act spans §§ 59–59 (18 sections).
Laws 1984, ch. 127, § 539; 1989, ch. 42, § 7; 1990 (2nd S.S.), ch. 2, § 99.
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.