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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.

Public Meetings Schedule

Date and Location

Thursday December 8, 2020 at 2:00pm

Conducted online



Date and Location

Thursday July 23, 2020 at 3:30pm

Conducted online


Date and Location

Thursday April 16, 2020 at 2pm

Conducted online via GoToMeeting



Board Members


Hector Balderas

New Mexico Attorney General

Tania Maestas, Designee

Russell Toal

Superintendent of Insurance

Olivia Padilla-Jackson

Secretary of Finance & Administration


Tami Coleman

Chief Financial Officer of a public school district

C. Quinn Lopez

Attorney named by President of State Bar

Raúl E. Burciaga, JD

Director of Legislative Council Services


Teresa Ann Costantinidis

CFO of a Institute of Higher Education


Insurance Agent licensed to write property, casualty and life insurance in NM

Anita Mullins Schwing

CFO or CAO of LPB who is a member of the SONM plan