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