Risk Management Advisory Board
The Risk Management Advisory Board (“Board”) is a statutorily-created entity (see Section 15-7-4 NMSA 1978) that is charged with, among other duties, reviewing insurance policies purchased, professional services and consulting contracts and agreements, companies and agents that submit proposals, rules and regulations promulgated, certificates of coverage, and any other investments made by the state’s Risk Management Division. The Board has nine members, four of which are appointed by the Governor, and one which is named by the president of the New Mexico state bar. All appointed members serve for a term of four years.