New Mexico Administrative Code
Title 18 - TRANSPORTATION AND HIGHWAYS
Chapter 3 - MOTOR CARRIER GENERAL PROVISIONS
Part 3 - FINANCIAL RESPONSIBILITY
Section 18.3.3.8 - PROOF OF FINANCIAL RESPONSIBILITY

Universal Citation: 18 NM Admin Code 18.3.3.8

Current through Register Vol. 35, No. 18, September 24, 2024

Every motor carrier must ensure that the minimum required financial responsibility is on file with the department during all periods of operation. The insurance policy must be in the exact legal and "doing business as" name of the motor carrier and be endorsed with the expiration date of "until canceled". Insurance companies are required to submit the uniform filing forms directly to the department.

A. Bodily injury and property damage coverage: The following documents are accepted:

(1) a uniform filing "form E" submitted to the department by an insurance company authorized to transact insurance business in New Mexico; or

(2) a uniform filing "form G" for a surety bond issued by a company authorized to do surety business in New Mexico; or

(3) a copy of the motor carrier's self-insured policy.

B. Cargo liability coverage: A uniform filing "form H" submitted to the department by a company authorized to transact insurance business in New Mexico.

Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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