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:

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Terms Used In New Mexico Statutes 59A-32-15

  • Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.

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.