New Mexico § 59A-33-7 Assignment of risks by the pool

New Mexico Statutes

§ 59A-33-7 — Assignment of risks by the pool

New Mexico § 59A-33-7

Ch. 59AInsurance Code

Art. 33Workers' Compensation Insurance Contracts and

This text of New Mexico § 59A-33-7 (Assignment of risks by the pool) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 59A-33-7 (2026).

Text

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.

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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.