Section 52-6-25 – Rules and regulations.
The director may make rules and regulations necessary to implement the provisions of the Group Self-Insurance Act. History: Laws 1986, ch. 22, § 99; 1990 (2nd S.S.), ch. 2, § 82. ANNOTATIONS The 1990 (2nd S.S.) amendment, effective January 1, 1991, substituted “director” for “superintendent” and deleted “pursuant to Section 59A-2-9 NMSA 1978” following “Act”. […]
Section 52-6-19 – Premium payment; reserves.
A. Each group shall establish to the satisfaction of the director a premium payment plan that shall include: (1) an initial payment by each member of at least twenty-five percent of that member’s annual premium before the start of the group’s fund year; and (2) payment of the balance of each member’s annual premium in […]
Section 52-6-20 – Deficits and insolvencies.
A. If the assets of a group are at any time insufficient to enable the group to discharge its legal liabilities and other obligations and to maintain the reserves required of it under the Group Self-Insurance Act, it shall forthwith make up the deficiency or levy an assessment upon its members for the amount needed […]
Section 52-6-21 – Monetary penalties.
After notice and opportunity for a hearing, the director may impose a monetary penalty on any person or group found to be in violation of any provision of the Group Self-Insurance Act or of any rules or regulations promulgated thereunder. The monetary penalty shall not exceed one thousand dollars ($1,000) for each act or violation […]
Section 52-6-22 – Cease and desist orders.
A. After notice and opportunity for a hearing, the director may issue an order requiring a person or group to cease and desist from engaging in an act or practice found to be in violation of any provision of the Group Self-Insurance Act or of any rules or regulations promulgated thereunder. B. Upon a finding, […]
Section 52-6-23 – Revocation of certificate of approval.
A. After notice and opportunity for a hearing, the director may revoke a group’s certificate of approval if it: (1) is found to be insolvent; (2) fails to pay any premium tax, regulatory fee or assessment or special fund contribution imposed upon it; or (3) fails to comply with any of the provisions of the […]
Section 52-6-24 – Notice and hearing; appeal.
Notice and hearing required by the provisions of Sections 52-6-21, 52-6-22 and 52-6-23 NMSA 1978 shall be given and held pursuant to the applicable provisions of Chapter 59A, Article 4 NMSA 1978. A party may appeal from an order of the director made after a hearing, pursuant to Section 39-3-1.1 NMSA 1978. History: Laws 1986, […]
Section 52-6-9 – Group membership; termination; liability.
A. An employer joining a group after the group has been issued a certificate of approval shall: (1) submit an application for membership to the board of trustees or its administrator; and (2) if applicable, enter into the indemnity agreement required by Paragraph (5) of Subsection B of Section 52-6-5 NMSA 1978. Membership takes effect […]
Section 52-6-10 – Administrators and service companies; conflicts.
A. Each group shall have an administrator. In providing day-to-day management for the group, the administrator may provide claims adjustment; safety engineering; compilation of statistics and the preparation of premium, loss and tax reports; preparation of other required self-insurance reports; development of members’ assessments and fees; and administration of a claim fund. B. Each group […]
Section 52-6-11 – Licensing of agent.
Except for a salaried employee of a group, its administrator or its service company, any person soliciting membership in a group shall be a licensed solicitor or agent pursuant to the provisions of the Insurance Code. History: Laws 1986, ch. 22, § 85. ANNOTATIONS Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 […]