New Mexico Statutes 52-9-4. Employers mutual company created; organized as a domestic mutual insurance company
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The “employers mutual company” is created as a nonprofit, independent, public corporation for the purpose of insuring employers against the risk of liability for payment of benefits claims to workers. The company shall be organized as a domestic mutual insurance company and shall be domiciled in a class A county.
Terms Used In New Mexico Statutes 52-9-4
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.