Each workers' compensation insurer shall have at least one claims representative within New Mexico, licensed as an adjuster, to pay workers' compensation claims of claimants resident or located in New Mexico. Such claims shall be paid promptly through such representatives from accounts in financial institutions located within New Mexico.
History: 1978 Comp., § 59A-13-11, enacted by Laws 1989, ch. 313, § 2.
Structure New Mexico Statutes
Section 59A-13-1 - Scope of article.
Section 59A-13-2 - Definitions.
Section 59A-13-3 - License required.
Section 59A-13-3.1 - Examination for license.
Section 59A-13-4 - Qualifications for license as adjuster.
Section 59A-13-6 - Emergency adjusters.
Section 59A-13-7 - Separate license; independent, staff adjusters.
Section 59A-13-8 - Powers conferred by adjuster license.
Section 59A-13-9 - Place of business.
Section 59A-13-10 - Records of independent adjuster.
Section 59A-13-11 - Resident claims representative for payment of workers' compensation claims.
Section 59A-13-12 - Continuing education.
Section 59A-13-13 - Prohibited conduct regarding the adjustment and repair of property damage.
Section 59A-13-14 - Standards of conduct.
Section 59A-13-15 - Contract between public adjuster and insured.