There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 52: Workers' Compensation
Article 8: Self-Insurers' Guarantee Fund Act, 52-8-1 through 52-8-12
Section 52-8-9: Fund membership termination.
NM Stat § 52-8-9 (1996 through 1st Sess 50th Legis) What's This?
52-8-9. Fund membership termination.
A. The board may recommend to the director that a private employer be terminated as a self-insurer. The director may also terminate a self-insurer at his own initiative.
B. In the case of termination, the fund shall remain liable for future compensation for injuries and diseases to workers of the private employer that occurred prior to termination as a qualified self-insurer.
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