Section 52-9-4 - Employers mutual company created; organized as a domestic mutual insurance company.

NM Stat § 52-9-4 (2019) (N/A)
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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.

History: Laws 1990 (2nd S.S.), ch. 2, § 124.

Effective dates. — Laws 1990 (2nd S.S.), ch. 2, § 153 made Laws 1990 (2nd S.S.), ch. 2, § 124 effective January 1, 1991.