A. Upon request, any local public body shall file with the director of the risk management division:
(1) a copy of every insurance policy currently in effect; and
(2) a detailed statement of the cost of such policies.
B. If a local public body has been unable to insure any risk or for any other reason has failed to insure any risk, it shall report the reason for such failure to the director of the risk management division on or before November 1 of each year.
History: 1953 Comp., § 5-14-27, enacted by Laws 1977, ch. 385, § 16; 1978, ch. 166, § 12; 1983, ch. 58, § 2.
Structure 2021 New Mexico Statutes
Chapter 15 - Administration of Government
Article 7 - Risk Management Division
Section 15-7-2 - Risk management division.
Section 15-7-3 - Additional powers and duties of the risk management division.
Section 15-7-4 - Risk management advisory board.
Section 15-7-5 - Powers and duties of the advisory board.
Section 15-7-6 - Workers' compensation retention fund.
Section 15-7-7 - Consulting and claims adjusting contracts.
Section 15-7-8 - Local public bodies; insurance policies; reports.
Section 15-7-9 - Confidentiality of records.
Section 15-7-10 - Legal defense contracts; renewal.
Section 15-7-11 - Temporary transfer of money among funds administered by risk management division.