The company shall not be considered a state agency for any purpose. This includes exempting the company from all state personnel, salary and procurement statutes, rules and regulations. The insurance operations of the company are subject to all of the applicable provisions of the Insurance Code in the same manner as those provisions apply to a private insurance company. The company is subject to the same tax liabilities and assessments as a private insurance company.
History: Laws 1990 (2nd S.S.), ch. 2, § 141.
Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 141 effective January 1, 1991.
Cross references. — For the Insurance Code, see 59A-1-1 NMSA 1978 and notes thereto.
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