{"data":{"id":"us-nm/52-8-10","jurisdiction":"us-nm","citation":"52-8-10","heading":"Withdrawal of certification; grounds.","body":"A. If certification of a self-insurer is withdrawn by the director, the private employer shall not be considered a self-insurer during any appeal of that determination. The private employer shall therefore obtain any necessary coverage from other sources pending resolution of the appeal.\nB. Certification of a self-insurer may be withdrawn by the director in accordance with regulations he adopts. The regulations shall consider the following as grounds for termination:\n(1) the employer no longer meets the requirements, financial or otherwise, of being a qualified self-insurer;\n(2) the self-insurer engages in or induces workers to engage in fraudulent practices;\n(3) the self-insurer fails to comply with rules and regulations of the director; or\n(4) the self-insurer fails to maintain a sufficient fund balance, in which event certification shall be withdrawn effective the date that the fund balance is insufficient.","path":["Chapter 52 - Workers' Compensation","ARTICLE 8 Self-Insurers' Guarantee Fund Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18555/index.do","current_through":"2026-05-20","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"65e1d0ac86770f5dbb2514b0099d049791700b92f596d3a904be6d6293a7dd42","source_id":"us-nm","stale":false,"prev":"us-nm/52-8-9","next":"us-nm/52-8-11"},"notice":"GroundRules: Original legal text. Not legal advice."}