New Mexico § 52-8-6 Board powers and duties; liability

New Mexico Statutes

§ 52-8-6 — Board powers and duties; liability

New Mexico § 52-8-6

Ch. 52Workers' Compensation

Art. 8Self-Insurers' Guarantee Fund Act

This text of New Mexico § 52-8-6 (Board powers and duties; liability) 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. § 52-8-6 (2026).

Text

A. The board may:

(1)purchase insurance or reinsurance as is necessary to insure any potential liabilities to the fund;

(2)provide for the imposition of assessments to ensure the financial stability of the fund; and (3) adopt bylaws and rules necessary to carry out the functions of the commission. B. Except for intentional acts or acts of gross negligence, neither board members nor general members of the commission shall be liable for their acts or omissions in the administration of the Self-Insurers' Guarantee Fund Act.

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A. The board may: (1) purchase insurance or reinsurance as is necessary to insure any potential liabilities to the fund; (2) provide for the imposition of assessments to ensure the financial stability of the fund; and (3) adopt bylaws and rules necessary to carry out the functions of the commission. B. Except for intentional acts or acts of gross negligence, neither board members nor general members of the commission shall be liable for their acts or omissions in the administration of the Self-Insurers' Guarantee Fund Act.