A. The public regulation commission shall immediately suspend, without notice or a hearing, the permit of a transportation network company that:
(1) does not continuously maintain the insurance coverage prescribed by the Transportation Network Company Services Act;
(2) does not pay the fees owed by the transportation network company and the transportation network company's drivers; or
(3) operates in a manner that poses an immediate or imminent threat to public safety.
B. Once suspended, the transportation network company may apply for reinstatement by requesting a public hearing before the public regulation commission and shall establish that the basis for the suspension has been corrected.
History: Laws 2016, ch. 80, § 22.
Effective dates. — Laws 2016, ch. 80 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 18, 2016, 90 days after the adjournment of the legislature.
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