New Mexico § 15-7-4 - Risk management advisory board
Full text of New Mexico New Mexico Statutes Annotated § 15-7-4 — Risk management advisory board, with citation guidance and answers to common questions.
§ 15-7-4. Risk management advisory board
A. There is created the “risk management advisory board.” The board shall be composed of: (1) the attorney general or his designee; (2) the superintendent of insurance; (3) the secretary of finance and administration or his designee; (4) the chief financial officer of a public school district who shall be appointed
by the governor; (5) an attorney, who shall be named by the president of the state bar of New Mexico; (6) the director of the legislative council service or his designee; (7) the chief financial officer of an institution of higher education who shall be
appointed by the governor; (8) an insurance agent licensed to write property, casualty and life insurance in
this state who shall be appointed by the governor; and (9) the chief financial officer of a local public body or the chief administrator
of an entity of a local public body, other than a school district, with a risk covered
by the public liability fund, who shall be appointed by the governor. B. Members of the board appointed by the governor or named by the president of the
state bar of New Mexico shall serve for a term of four years. The insurance agent appointed by the governor and the attorney named by the president
of the state bar of New Mexico shall be paid by the risk management division per diem
and mileage in accordance with the provisions of the Per Diem and Mileage Act. C. A majority of the board shall constitute a quorum. The members of the board shall annually elect from among their membership a chairman
and vice chairman.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 15-7-4
What does New Mexico Statutes Annotated § 15-7-4 cover?
Section 15-7-4 ("Risk management advisory board") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 15-7-4?
A common citation format is "New Mexico Statutes Annotated § 15-7-4" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 15-7-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.