New Mexico § 15-7-7 - Consulting and claims adjusting contracts
Full text of New Mexico New Mexico Statutes Annotated § 15-7-7 — Consulting and claims adjusting contracts, with citation guidance and answers to common questions.
§ 15-7-7. Consulting and claims adjusting contracts
A. Notwithstanding any other provision of law, the risk management division of the
department of finance and administration [general services department] may: (1) contract, as may be necessary, with a recognized insurance consulting firm to
assist in the implementation of the workmen's compensation retention fund and the
public property reserve fund; and (2) contract with a recognized insurance claims adjusting firm for the handling of
all claims made against the workmen's compensation retention fund or the public property
reserve fund. B. No contract shall be entered into pursuant to this section unless proposals have
been sought from two or more qualified firms. Contracts shall be awarded on the basis of cost, financial resources of the firm,
service facilities in New Mexico, service reputation and experience.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 15-7-7
What does New Mexico Statutes Annotated § 15-7-7 cover?
Section 15-7-7 ("Consulting and claims adjusting contracts") 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 § 15-7-7?
A common citation format is "New Mexico Statutes Annotated § 15-7-7" (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 § 15-7-7 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.