New Mexico § 66-5-207.1 - Self-insurers
Full text of New Mexico New Mexico Statutes Annotated § 66-5-207.1 — Self-insurers, with citation guidance and answers to common questions.
§ 66-5-207.1. Self-insurers
A. The superintendent of insurance shall issue a certificate of self-insurance to
any applicant with motor vehicles registered in his name in this state, provided that
the applicant has met the same criteria for self-insurance as set by the superintendent
of insurance for workmen's compensation liability. B. Upon not less than five days' notice and a hearing pursuant to such notice, the
superintendent upon reasonable grounds may cancel a certificate of self-insurance. Failure to pay any judgment within thirty days after the judgment is final constitutes
a reasonable ground for the cancellation of a certificate of self-insurance.
Frequently Asked Questions About New Mexico § 66-5-207.1
What does New Mexico Statutes Annotated § 66-5-207.1 cover?
Section 66-5-207.1 ("Self-insurers") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 66-5-207.1?
A common citation format is "New Mexico Statutes Annotated § 66-5-207.1" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 66-5-207.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.