{"data":{"id":"us-nm/15-7-5","jurisdiction":"us-nm","citation":"15-7-5","heading":"Powers and duties of the advisory board.","body":"The advisory board shall review:\nA. specifications for all insurance policies to be purchased by the risk management division including specifications setting forth minimum capital and surplus requirements for any insurance company submitting a bid;\nB. all professional service and consulting contracts or agreements to be entered into by the risk management division;\nC. if insurance is to be purchased by negotiation, the companies and agents to be selected to submit proposals;\nD. all rules and regulations to be promulgated by the risk management division;\nE. the form, purpose and content of certificates of coverage to be issued by the risk management division; and\nF. investments to be made by the risk management division.","path":["Chapter 15 - Administration of Government","ARTICLE 7 Risk Management Division"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18515/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"a40dcc726beb85431a9574ffab139b74543143b28445f1782c5f29fce93f71cb","source_id":"us-nm","stale":false,"prev":"us-nm/15-7-4","next":"us-nm/15-7-6"},"notice":"GroundRules: Original legal text. Not legal advice."}