The premium reduction required by this section shall be effective for an insured for a three-year period after successful completion of the approved course, except that the insurer may require, as a condition of maintaining the discount, that the insured:
A. not be involved in an accident for which the insured is at fault; and
B. not be convicted or plead guilty or nolo contendere to a moving traffic violation.
History: Laws 1987, ch. 18, § 2.
ANNOTATIONS
Law reviews. — For annual survey of New Mexico insurance law, see 19 N.M.L. Rev. 717 (1990).