{"data":{"id":"us-nm/59a-46-6","jurisdiction":"us-nm","citation":"59A-46-6","heading":"Fiduciary responsibilities; fidelity bond.","body":"A. Any director, officer, employee or partner of a health maintenance organization who receives, collects, disburses or invests funds in connection with the activities of the organization shall be responsible for such funds in a fiduciary relationship to the organization.\nB. A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on the employees and officers, directors and partners described in Subsection A of this section in an amount not less than two hundred fifty thousand dollars ($250,000) for each health maintenance organization or a maximum of five million dollars ($5,000,000) in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or such sum as may be prescribed by the superintendent.","path":["Chapter 59A - Insurance Code","ARTICLE 46 Health Maintenance Organizations"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"92d33672f5a4d1cfb5ec026f31baa4dd2f2cd5ef8473700fefdf41f89f9fe183","source_id":"us-nm","stale":false,"prev":"us-nm/59a-46-5","next":"us-nm/59a-46-7"},"notice":"GroundRules: Original legal text. Not legal advice."}