If any insurance carrier not authorized to transact business in New Mexico that has qualified to furnish evidence of financial responsibility defaults in any undertakings or agreements, the department shall not thereafter accept evidence of financial responsibility of that carrier, whether previously filed or thereafter tendered as evidence, so long as the default continues.
History: 1953 Comp., § 64-24-86, enacted by Laws 1955, ch. 182, § 323; recompiled as 1953 Comp., § 64-5-229, by Laws 1978, ch. 35, § 305; 1978 Comp., § 66-5-229, recompiled as 1978 Comp., § 66-5-220 by Laws 1983, ch. 318, § 20; 1998, ch. 34, § 10.
ANNOTATIONSRepeals. — Laws 1983, ch. 318, § 42, repealed former 66-5-220, relating to suspension continuing until judgments paid and proof given, effective January 1, 1984.
The 1998 amendment, effective July 1, 1998, substituted "that" for "which", "department" for "division", deleted "as" following "accept", "any certificate" following "evidence" and inserted "financial responsibility of".