New Mexico Statutes 52-8-2. Purpose
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The purpose of the Self-Insurers’ Guarantee Fund Act is to provide a guarantee fund for self-insurers to protect the workers and the families of workers employed by self- insurers who become insolvent. The Self-Insurers’ Guarantee Fund Act is designed to help ensure the integrity and financial health of the workers’ compensation and occupational disease disablement system as it applies to self-insurers in New Mexico.
