N.M. Admin. Code § 18.3.3.8 - PROOF OF FINANCIAL RESPONSIBILITY
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.
Notes
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