New Mexico § 66-5-208 Evidence of financial responsibility; amounts and

New Mexico Statutes

§ 66-5-208 — Evidence of financial responsibility; amounts and

New Mexico § 66-5-208

Ch. 66Motor Vehicles

Art. 5Licensing of Operators and Chauffeurs; Financial

This text of New Mexico § 66-5-208 (Evidence of financial responsibility; amounts and) 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. § 66-5-208 (2026).

Text

conditions. "Evidence of financial responsibility," as used in the Mandatory Financial Responsibility Act, means evidence of the ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the evidence, arising out of the ownership, maintenance or use of a vehicle of a type subject to registration under the laws of New Mexico, in the following amounts: A. twenty-five thousand dollars ($25,000) because of bodily injury to or death of one person in any one accident; B. subject to this limit for one person, fifty thousand dollars ($50,000) because of bodily injury to or death of two or more persons in any one accident; C. ten thousand dollars ($10,000) because of injury to or destruction of property of others in any one accident; and D. i

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conditions. "Evidence of financial responsibility," as used in the Mandatory Financial Responsibility Act, means evidence of the ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of the evidence, arising out of the ownership, maintenance or use of a vehicle of a type subject to registration under the laws of New Mexico, in the following amounts: A. twenty-five thousand dollars ($25,000) because of bodily injury to or death of one person in any one accident; B. subject to this limit for one person, fifty thousand dollars ($50,000) because of bodily injury to or death of two or more persons in any one accident; C. ten thousand dollars ($10,000) because of injury to or destruction of property of others in any one accident; and D. if evidence is in the form of a surety bond or a cash deposit, the total amount shall be sixty thousand dollars ($60,000).