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.
History: 1953 Comp., § 5-14-26, enacted by Laws 1977, ch. 385, § 10; 1983, ch. 58, § 1.
Bracketed material. — The bracketed material was inserted by the compiler and it is not part of the law. Laws 1983, ch. 301, § 7 provided that references to the risk management division of the department of finance and administration be construed as references to the risk management division of the general services department. See 15-7-2 NMSA 1978.
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