{"data":{"id":"us-nm/52-9-16","jurisdiction":"us-nm","citation":"52-9-16","heading":"Powers of president.","body":"In conducting the business and affairs of the company, the president may, subject to restrictions imposed by the board, carry out the policies and procedures established by the board and may:\nA. enter into contracts of workers' compensation and employer's liability insurance;\nB. sell annuities covering workers' compensation and employer's liability insurance;\nC. decline to insure any risk that does not meet the minimum underwriting standards established by the board;\nD. reinsure any risk or a part of a risk;\nE. cause the payrolls or other operations of employers applying for insurance to the company to be inspected and audited;\nF. make rules for the settlement of claims against the company;\nG. contract, on the same basis as insurers, with health care providers, as defined in Section 52-4-1 NMSA 1978, for the treatment and care of workers entitled to benefits from the company;\nH. make safety inspections of risks and furnish advisory services to employers on safety and health measures;\nI. act for the company in collecting and disbursing money necessary to administer the company and conduct its business;\nJ. sign contracts and incur obligations, including revenue bonds, on behalf of the company;\nK. perform all acts necessary to exercise power, authority or jurisdiction over the company to discharge its functions and fulfill its responsibilities, including the establishment of premium rates; and\nL. conduct all business and affairs and perform all acts in carrying out his duties whether or not specifically designated in the Employers Mutual Company Act.","path":["Chapter 52 - Workers' Compensation","ARTICLE 9 Employers Mutual Company"],"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":"f5d1da2901d6b5c13473d0d6d06504458fce7b47f0f529663ef3808450af82b6","source_id":"us-nm","stale":false,"prev":"us-nm/52-9-15","next":"us-nm/52-9-17"},"notice":"GroundRules: Original legal text. Not legal advice."}