New Mexico § 52-8-10 Withdrawal of certification; grounds

New Mexico Statutes

§ 52-8-10 — Withdrawal of certification; grounds

New Mexico § 52-8-10

Ch. 52Workers' Compensation

Art. 8Self-Insurers' Guarantee Fund Act

This text of New Mexico § 52-8-10 (Withdrawal of certification; grounds) 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. § 52-8-10 (2026).

Text

A. If certification of a self-insurer is withdrawn by the director, the private employer shall not be considered a self-insurer during any appeal of that determination. The private employer shall therefore obtain any necessary coverage from other sources pending resolution of the appeal. B. Certification of a self-insurer may be withdrawn by the director in accordance with regulations he adopts. The regulations shall consider the following as grounds for termination:

(1)the employer no longer meets the requirements, financial or otherwise, of being a qualified self-insurer;

(2)the self-insurer engages in or induces workers to engage in fraudulent practices;

(3)the self-insurer fails to comply with rules and regulations of the director; or (4) the self-insurer fails to maintain a suffici

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A. If certification of a self-insurer is withdrawn by the director, the private employer shall not be considered a self-insurer during any appeal of that determination. The private employer shall therefore obtain any necessary coverage from other sources pending resolution of the appeal. B. Certification of a self-insurer may be withdrawn by the director in accordance with regulations he adopts. The regulations shall consider the following as grounds for termination: (1) the employer no longer meets the requirements, financial or otherwise, of being a qualified self-insurer; (2) the self-insurer engages in or induces workers to engage in fraudulent practices; (3) the self-insurer fails to comply with rules and regulations of the director; or (4) the self-insurer fails to maintain a sufficient fund balance, in which event certification shall be withdrawn effective the date that the fund balance is insufficient.