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HOUSE MEMORIAL 98

TH LEGISLATURE

- STATE OF NEW MEXICO -

FIRST SESSION

, 2007

INTRODUCED BY

Ben Lujan

A MEMORIAL

REQUESTING THAT THE INSURANCE DIVISION OF THE PUBLIC REGULATION

COMMISSION STUDY THE EFFECTS OF DEDUCTIBLES FOR COMPREHENSIVE

COVERAGE FOR WINDSHIELD REPAIR AND REPLACEMENT COVERAGE WITH

RESPECT TO INSURANCE RATES, CONSUMER SAFETY AND INSURANCE

PRACTICES WITH RESPECT TO PREMIUM OR RATE DISCOUNTS FOR THOSE

CONSUMERS WHO MAINTAIN FAVORABLE CLAIM HISTORIES OVER TIME.

WHEREAS, the availability of affordable insurance coverage

is of public importance for consumers in New Mexico; and

WHEREAS, deductibles and the waiver of such deductibles

for comprehensive coverage for windshield repair and

replacement coverage affect the cost of such coverage; and

WHEREAS, the failure of consumers to effectuate repairs or

replacement of damaged windshields could affect the safety of

operating motor vehicles with damaged windshields; and

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WHEREAS, because consumer premiums and rates may be

affected by deductibles and the waiver of such deductibles for

comprehensive coverage for windshield repair and replacement

coverage, this study should include insurance industry

practices with respect to premium or rate discounts for those

consumers who maintain favorable claim histories over time;

NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF

REPRESENTATIVES OF THE STATE OF NEW MEXICO that the insurance

division of the public regulation commission be requested to

study the effects of deductibles for comprehensive coverage for

windshield repair and replacement coverage with respect to

insurance rates, consumer safety and insurance industry

practices with respect to premium or rate discounts for those

consumers who maintain favorable claim histories over time; and

BE IT FURTHER RESOLVED that the insurance division of the

public regulation commission be authorized to request

assistance and counsel of any parties that may be affected by

or be knowledgeable about vehicle insurance; and

BE IT FURTHER RESOLVED that the insurance division of the

public regulation commission submit its findings and

conclusions to the public regulation commission on or before

November 1, 2007; and

BE IT FURTHER RESOLVED that a copy of this memorial be

transmitted to the insurance division of the public regulation

commission.