The company is under the administrative control of the president. He shall be in charge of the day-to-day operation and management of the company. The board shall appoint the president, and he shall serve at the pleasure of the board. He shall receive compensation as set by the board. The president shall have proven successful experience as an executive at the general management level in the insurance, or self-insurance, business.
§ 52-9-7 NMSA 1978
President
Known as the Employers Mutual Company Act
The act spans §§ 52–52 (25 sections).
Laws 1990 (2nd S.S.), ch. 2, § 127.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.