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New Mexico Statutes 52-9-15. Powers of company

New Mexico Statutes > Chapter 52 > Article 9 > § 52-9-15 - Powers of company


Current as of: 2010

F. invest and reinvest money belonging to the company as provided in the Employers Mutual Company Act; and

G. conduct all business and affairs and perform all acts in carrying out its function whether or not specifically designated in the Employers Mutual Company Act.

The company may:

A. insure any New Mexico employer for workers' compensation and employer's liability coverage to the same extent as any other insurer;

C. sue and be sued in all actions arising out of any act or omission in connection with its business or affairs;

D. enter into any contracts or obligations relating to the company that are authorized or permitted by law;

B. indemnify a New Mexico employer against his liability for workers' compensation and employer's liability coverage under the laws of any other state for New Mexico employees temporarily working outside this state if the company insures the employer's workers who work within this state;

E. issue revenue bonds as authorized pursuant to the Employers Mutual Company Act [52-9-1 to 52-9-24 NMSA 1978];

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New Mexico Laws: Workers Compensation Insurance

New Mexico Statutes Chapter 52 > Article 6 - Group Self-Insurance
New Mexico Statutes Chapter 52 > Article 8 - Self-Insurers' Guarantee Fund Act
New Mexico Statutes Chapter 52 > Article 9 - Employers Mutual Company
New Mexico Statutes Chapter 59A > Article 33 - Workers' Compensation Insurance Contracts and Assigned Risks
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