Section 52-8-1 – Short title.
Sections 109 through 120 [52-8-1 to 52-8-12 NMSA 1978] of this act may be cited as the “Self-Insurers’ Guarantee Fund Act”. History: Laws 1990 (2nd S.S.), ch. 2, § 109. ANNOTATIONS Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 109 effective January 1, 1991. […]
Section 52-8-2 – Purpose.
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 […]