§ 10-7B-1 Short title
§ 10-7B-2 Definitions
§ 10-7B-3 Group benefits committee; created
§ 10-7B-4 Group benefits committee; powers and duties
§ 10-7B-5 Administrative costs
§ 10-7B-6 State employees group benefits self-insurance plan;
§ 10-7B-6.1 Small employer health care coverage
§ 10-7B-7 Group self-insurance fund created
§ 10-7B-8 Group self-insurance fund; investment

Terms Used In New Mexico Statutes > Chapter 10 > Article 7B - Group Benefits

  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Quorum: The number of legislators that must be present to do business.