New Mexico § 3-62-1 Providers of insurance

New Mexico Statutes

§ 3-62-1 — Providers of insurance

New Mexico § 3-62-1

Ch. 3Municipalities

Art. 62Methods of Insurance

This text of New Mexico § 3-62-1 (Providers of insurance) 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. § 3-62-1 (2026).

Text

Any insurance authorized by law to be purchased, obtained or provided by a municipality or other political subdivision or local public body or any insurance which a subdivision or body may assist in providing to its employees may be provided by: A. self-insurance which may be funded by appropriations or contributions to establish or maintain reserves for self-insurance purposes; B. insurance secured in accordance with any other method provided by law; or C. any combination of insurance authorized by Sections 3-62-1 and 3-62-2 NMSA 1978.

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Any insurance authorized by law to be purchased, obtained or provided by a municipality or other political subdivision or local public body or any insurance which a subdivision or body may assist in providing to its employees may be provided by: A. self-insurance which may be funded by appropriations or contributions to establish or maintain reserves for self-insurance purposes; B. insurance secured in accordance with any other method provided by law; or C. any combination of insurance authorized by Sections 3-62-1 and 3-62-2 NMSA 1978.