New Mexico § 15-7-5 Powers and duties of the advisory board

New Mexico Statutes

§ 15-7-5 — Powers and duties of the advisory board

New Mexico § 15-7-5

Ch. 15Administration of Government

Art. 7Risk Management Division

This text of New Mexico § 15-7-5 (Powers and duties of the advisory board) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 15-7-5 (2026).

Text

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 insurance is to be purchased by negotiation, the companies and agents to be selected to submit proposals; D. all rules and regulations to be promulgated by the risk management division; E. the form, purpose and content of certificates of coverage to be issued by the risk management division; and F. investments to be made by the risk management division.

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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 insurance is to be purchased by negotiation, the companies and agents to be selected to submit proposals; D. all rules and regulations to be promulgated by the risk management division; E. the form, purpose and content of certificates of coverage to be issued by the risk management division; and F. investments to be made by the risk management division.