2011 New Mexico Statutes
Chapter 41: Torts
Article 4: Tort Claims, 41-4-1 through 41-4-30
Section 41-4-24: Consulting and claims adjusting contracts.


NM Stat § 41-4-24 (1996 through 1st Sess 50th Legis) What's This?

41-4-24. Consulting and claims adjusting contracts.

A. Notwithstanding any other provision of law, the risk management division shall:

(1) contract, as may be necessary, with a recognized insurance consulting firm to assist in the implementation of the public liability fund; and

(2) contract with a recognized insurance claims adjusting firm for the handling of all claims made against the public liability fund.

B. No contract shall be entered into pursuant to this section, unless proposals have been sought from two or more qualified firms. Contracts shall be awarded on the basis of cost, financial resources of the firm, service facilities in New Mexico, service reputation and experience.

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