N.M. Stat. » Chapter 15 — Administration of Government
New Mexico Statutes

N.M. Stat. § 15-7-5 (2026)

Powers and duties of the advisory board

✓ laws through the 2025 session (retrieved May 2026)
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The advisory board shall review:

A. 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;

B. all professional service and consulting contracts or agreements to be entered into by the risk management division;

C. if insurance is to be purchased by negotiation, the companies and agents to be selected to submit proposals;

D. all rules and regulations to be promulgated by the risk management division;

E. the form, purpose and content of certificates of coverage to be issued by the risk management division; and

F. investments to be made by the risk management division.

History: Laws 1978, ch. 166, § 10.

Notes of Decisions
Cited in 2 cases, 2009–2009 · leading case: Abreu v. New Mexico Child., 646 F. Supp. 2d 1259 (D.N.M. 2009).
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Abreu v. New Mexico Child., 646 F. Supp. 2d 1259 (D.N.M. 2009). · cites it 2× “New Mexico statutes empower the Risk Management Division to, among other things, “employ full-time legal counsel who shall be under the exclusive control and supervision of the director and the secretary of general services.” NMSA 1978 § 15-7-3A(12).”
Abreu v. New Mexico Child., 646 F. Supp. 2d 1259 (D.N.M. 2009). · cites it 2× “New Mexico statutes empower the Risk Management Division to, among other things, "employ full-time legal counsel who shall be under the exclusive control and supervision of the director and the secretary of general services." NMSA 1978 § 15-7-3A(12). In sum, under New Mexico…”
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