52-8-2. Purpose.
73 words·~1 min read·
/nm/chapter-52-workers-compensation/article-8-self-insurers-guarantee-fund-act/52-8-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
History: Laws 1990 (2nd S.S.), ch. 2, § 110.