HOUSE EXECUTIVE MESSAGE NO. 64
The Honorable Ben Lujan and
Members of the House of Representatives
Honorable Speaker and Members of the House:
I have this day VETOED and am returning HOUSE BILL
118, as amended,
enacted by the Forty-Fifth
Legislature, First Session, 2001.
This legislation would prohibit an insurer from
charging a higher rate or an additional assessment, surcharge or fee because
the insured is a first-time purchaser of automobile insurance or because an
individual has not been insured for a period of time immediately prior to the
purchase of automobile insurance. I have
vetoed this bill in the past, and do so again, because it would prohibit
insurers from using an individual’s driving record or prior history of auto
insurance as an underwriting or rate factor.
The statistics show that persons in these categories have a higher
frequency of accidents and a greater loss rate.
The result of enactment of this legislation would be to have those loss
rates spread to all insured thereby increasing auto insurance rates for all New
Mexicans.
Sincerely,
Gary E. Johnson
Governor
RECEIVED FROM THE OFFICE OF THE
GOVERNOR:
Time: _____________________ By:_____________________________
Secretary of State
Date ______________________
Time:______________________
Date_______________________ By:_____________________________
Chief Clerk of the House
Hem64hb118v