New Mexico Statutes
Chapter 52 - Workers' Compensation
Article 9 - Employers Mutual Company

Section 52-9-1 - Short title. - Sections 121 through 144 [52-9-1 to 52-9-24 NMSA 1978] of...

Section 52-9-2 - Findings and purpose. - A. The legislature finds that the cost, service and benefits...

Section 52-9-3 - Definitions. - As used in the Employers Mutual Company Act: A. "benefits"...

Section 52-9-4 - Employers mutual company created; organized as a domestic mutual insurance company. - The "employers mutual company" is created as a nonprofit, independent,...

Section 52-9-5 - Company's board of directors; appointment; powers. - A. The company's board of directors shall consist of the...

Section 52-9-6 - Board; directors as appointed public officials of state; excluded from personal liability. - Directors are appointed public officials of the state while carrying...

Section 52-9-7 - President. - The company is under the administrative control of the president....

Section 52-9-8 - Exclusion of state's liability. - The state shall not be liable for any obligations incurred...

Section 52-9-9 - Use of company assets. - The assets of the company shall be applicable to the...

Section 52-9-10 - Company to be competitive; safety incentives and penalties; loss control, case management and utilization review. - A. The company shall be competitive with other insurers of...

Section 52-9-11 - Annual accountings; possible dividends and credits. - The incurred loss experience and expense of the company shall...

Section 52-9-12 - Amount of dividends or credits. - The cash dividend or credit to an employer shall be...

Section 52-9-13 - Ability of company to transact workers' benefits insurance. - Effective no later than January 1, 1992, the company shall...

Section 52-9-14 - Investment counsel. - The company may retain an independent investment counsel. The board...

Section 52-9-15 - Powers of company. - The company may: A. insure any New Mexico employer for...

Section 52-9-16 - Powers of president. - In conducting the business and affairs of the company, the...

Section 52-9-17 - Company audit. - The board shall cause an annual audit of the books...

Section 52-9-18 - Company assets. - In addition to other provisions of law governing regulation of...

Section 52-9-19 - Money and property of the company. - All premiums and other money paid to the company, all...

Section 52-9-20 - No state appropriation. - The company shall not receive any state appropriation. History: Laws...

Section 52-9-21 - Exemption from and applicability of certain laws. - The company shall not be considered a state agency for...

Section 52-9-22 - Marketing. - A. Pursuant to rules adopted by the board, the company,...

Section 52-9-23 - Annual report. - The president shall submit an annual, independently audited report, in...

Section 52-9-24 - Loan fund created. - There is hereby created in the state treasury a fund...

Section 52-9-25 - Authorization to issue revenue bonds. - A. In order to provide funds for the continued development...