44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

RELATING TO MOTOR VEHICLE INSURANCE; PROHIBITING JOINDER OF AN INSURANCE COMPANY THAT INSURES A RISK COVERED BY THE MANDATORY FINANCIAL RESPONSIBILITY ACT; ENACTING A NEW SECTION OF THE MANDATORY FINANCIAL RESPONSIBILITY ACT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of the Mandatory Financial Responsibility Act is enacted to read:

"[NEW MATERIAL] PROHIBITING JOINDER OF AN INSURANCE COMPANY.--An action brought pursuant to the provisions of the Mandatory Financial Responsibility Act shall not name as a party an insurance company that insures a risk covered by that act."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 1999.

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