Section 10-7B-4 - Group benefits committee; powers and duties. - New Mexico Statutes

10-7B-4. Group benefits committee; powers and duties.

The committee shall:   

A.     review and advise the director on all group benefits coverages, whether insured or self-insured, included or to be included in the state group plan;   

B.     review and advise the director on all professional, technical or consulting contracts to be entered into in connection with the state group plan;   

C.     if insurance is to be purchased through negotiation, pursuant to Subparagraph (a) of Paragraph (1) of Subsection D of Section 6 [10-7B-7 NMSA 1978] of the Group Benefits Act, review and advise the director as to companies and agents to be selected to submit proposals;   

D.     review and advise the director on rules and regulations relating to group benefits insurance and self-insurance;   

E.     review and advise the director on selection of an investment advisor for investments of the group self-insurance fund;   

F.     review and advise the director on guidelines establishing rates for and methods of rating participating state agencies and local public bodies;   

G.     perform any other duties and exercise any other powers as provided by law; and   

H.     review any matters specified in this section, which review by the committee shall preempt such review of such matters previously accorded to the risk management advisory board.