N.M. Stat. § 66-5-222
Any motor vehicle insurance policy may be endorsed to exclude a named driver from coverage. The endorsement shall be signed by at least one named insured.
Endorsements shall be substantially similar to the following form:
"DRIVER EXCLUSION ENDORSEMENT
Nothing herein contained shall be held to alter, vary, waive or extend any of the terms, conditions, agreements or limits of the undermentioned policy other than as stated herein below.
Effective - 12:01 a.m., standard time. Attached to and forming part of Policy No. issued to by
(name of insured)
(insert name of insurance company)
In consideration of the premium for which the policy is written, it is agreed that the company shall not be liable and no liability or obligation of any kind shall be attached to the company for losses or damages sustained after the effective date of this endorsement while any motor vehicle insured hereinunder is driven or operated by.
(name of excluded driver(s))
Date: _____________________________ Name insured(s)
__________________________________________________
(signature)
__________________________________________________
(signature)
NMS § 66-5-222