The purpose of the Self-Insurers' Guarantee Fund Act is to provide a guarantee fund for self-insurers to protect the workers and the families of workers employed by self-insurers who become insolvent. The Self-Insurers' Guarantee Fund Act is designed to help ensure the integrity and financial health of the workers' compensation and occupational disease disablement system as it applies to self-insurers in New Mexico.
History: Laws 1990 (2nd S.S.), ch. 2, § 110.
Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 110 effective January 1, 1991.
Structure New Mexico Statutes
Chapter 52 - Workers' Compensation
Article 8 - Self-Insurers' Guarantee Fund Act
Section 52-8-4 - Scope of act.
Section 52-8-6 - Board powers and duties; liability.
Section 52-8-7 - Guarantee fund created; assessment for funding.
Section 52-8-8 - Fund liability period for guarantee fund.
Section 52-8-9 - Fund membership termination.
Section 52-8-10 - Withdrawal of certification; grounds.
Section 52-8-11 - Rules and regulations.
Section 52-8-12 - Regulations remain in effect; initial commission general members.