A. The board may recommend to the director that a private employer be terminated as a self-insurer. The director may also terminate a self-insurer at his own initiative.
B. In the case of termination, the fund shall remain liable for future compensation for injuries and diseases to workers of the private employer that occurred prior to termination as a qualified self-insurer.
History: Laws 1990 (2nd S.S.), ch. 2, § 117.
Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 117 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.