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 52-6-25 – 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Section 52-7-1 to 52-7-6 – Repealed.
ANNOTATIONS Repeals. — Laws 2003, ch. 223, § 3 repealed 52-7-1 to 52-7-6 NMSA 1978, as enacted by Laws 1990 (2nd S.S.), ch. 2, §§ 83 to 88, relating to workers’ compensation oversight committee. For provisions of former sections, see the 2002 NMSA 1978 on NMOneSource.com.
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 […]
Section 52-6-15 – Misrepresentation prohibited.
No person shall make a material misrepresentation or omission of a material fact in connection with the solicitation of membership of a group. History: Laws 1986, ch. 22, § 89.
Section 52-6-16 – Investments.
Funds not needed for current obligations may be invested by the board of trustees in accordance with the provisions of Chapter 59A, Article 9 NMSA 1978 applicable to investments, except that, notwithstanding the provisions of Section 59A-9-18 NMSA 1978: A. the board of trustees may make loans or investments not otherwise expressly permitted under Chapter […]
Section 52-6-17 – Rates; reporting.
A. Every group shall adhere to the uniform classification system, uniform experience-rating plan and manual rules filed with the superintendent by an advisory organization designated by the director. B. Premium contributions to the group shall be determined by applying the manual rates and rules to the appropriate classification of each member, which shall be adjusted […]
Section 52-6-18 – Refunds.
A. Any money for a fund year in excess of the amount necessary to fund all obligations for that fund year may be declared to be refundable by the board of trustees not less than twelve months after the end of the fund year. B. Each member shall be given a written description of the […]