The purpose of the Public School Insurance Authority Act is to provide comprehensive core insurance programs, including reimbursement coverage for the costs of providing due process to students with disabilities, for all participating public schools, school board members, school board retirees and public school employees and retirees by expanding the pool of subscribers to maximize cost containment opportunities for required insurance coverage.
History: 1978 Comp., § 22-2-6.2, enacted by Laws 1986, ch. 94, § 2; 1978 Comp., § 22-2-6.2, recompiled as § 22-29-2 by Laws 2003, ch. 153, § 72; 2008, ch. 56, § 1.
The 2008 amendment, effective July 1, 2008, provided that the purpose of the act includes reimbursement coverage for the costs of providing due process to students with disabilities.
Structure 2021 New Mexico Statutes
Article 29 - Public School Insurance Authority
Section 22-29-1 - Short title.
Section 22-29-2 - Purpose of act.
Section 22-29-3 - Definitions.
Section 22-29-4 - Authority created.
Section 22-29-5 - Board created; membership; duties.
Section 22-29-6 - Fund created; budget review; premiums.
Section 22-29-7 - Authority; duties.
Section 22-29-9 - Participation; waivers.
Section 22-29-10 - Group insurance contributions.
Section 22-29-11 - Expenditure of insurance proceeds for public schools.