Section 15-7-5 – Powers and duties of the advisory board.
The advisory board shall review: A. specifications for all insurance policies to be purchased by the risk management division including specifications setting forth minimum capital and surplus requirements for any insurance company submitting a bid; B. all professional service and consulting contracts or agreements to be entered into by the risk management division; C. if […]
Section 15-7-6 – Workers’ compensation retention fund.
A. There is created in the state treasury the “workers’ compensation retention fund”. B. Money deposited in, earned by or appropriated to the workers’ compensation retention fund may be used by the director to: (1) purchase workers’ compensation insurance; (2) establish appropriate reserves to provide workers’ compensation coverage for employees of state agencies or employees […]
Section 15-7-7 – Consulting and claims adjusting contracts.
A. Notwithstanding any other provision of law, the risk management division of the department of finance and administration [general services department] may: (1) contract, as may be necessary, with a recognized insurance consulting firm to assist in the implementation of the workmen’s compensation retention fund and the public property reserve fund; and (2) contract with […]
Section 15-7-8 – Local public bodies; insurance policies; reports.
A. Upon request, any local public body shall file with the director of the risk management division: (1) a copy of every insurance policy currently in effect; and (2) a detailed statement of the cost of such policies. B. If a local public body has been unable to insure any risk or for any other […]
Section 15-7-9 – Confidentiality of records.
A. The following records created or maintained by the risk management division of the general services department are confidential and shall not be subject to any right of inspection by any person except the New Mexico legislative council or a state employee within the scope of the New Mexico legislative council’s or state employee’s official […]
Section 15-7-10 – Legal defense contracts; renewal.
Any valid contract between the risk management division and any law firm, to defend claims against the state or any of its public employees pursuant to Subsection B of Section 41-4-4 NMSA 1978, shall be automatically extended for the purpose of and as long as necessary for completing and concluding any matter in litigation, including […]
Section 15-7-11 – Temporary transfer of money among funds administered by risk management division.
A. The director of the risk management division of the general services department may transfer money in accordance with this section among the following funds: (1) the local public body unemployment compensation reserve fund; (2) the public liability fund; (3) the public property reserve fund; (4) the state government unemployment compensation reserve fund; (5) the […]
Section 15-7-3 – Additional powers and duties of the risk management division.
A. The risk management division of the general services department may: (1) enter into contracts; (2) procure insurance, reinsurance or employee group benefits; provided that any proposal or contract for the procurement of any group health care benefits shall be subject to the provisions of the Health Care Purchasing Act [Chapter 13, Article 7 NMSA […]
Section 15-7-3.1 – Repealed.
ANNOTATIONS Repeals. — Laws 1987, ch. 319, § 1 repealed 15-7-3.1 NMSA 1978, as enacted by Laws 1986, ch. 114, § 1, relating to the public child contractor liability fund, effective June 19, 1987.
Section 15-7-4 – Risk management advisory board.
A. There is created the “risk management advisory board.” The board shall be composed of: (1) the attorney general or his designee; (2) the superintendent of insurance; (3) the secretary of finance and administration or his designee; (4) the chief financial officer of a public school district who shall be appointed by the governor; (5) […]