NEW MEXICO PUBLIC SCHOOL INSURANCE AUTHORITYMay 30th, 2024
FiledMay 30th, 2024Pursuant to NMSA 1978, §22-29-1 et seq. and New Mexico Administrative Code, Title 6, Chapter 50, Parts 1-18, this Memorandum of Coverage (“Memorandum”) is an agreement by the New Mexico Public School Insurance Authority (the “Authority”) and its “Members,” as listed in Schedule A attached hereto, to provide or obtain insurance protection for all covered losses subject to the limits and other terms and conditions of this “Memorandum” and any endorsements attached. This “Memorandum” is intended to describe the terms and conditions of coverage which the “Authority” provides as well as the terms and conditions of coverage provided by APIP for claims in amounts excess of what the “Authority” provides. In consideration of the contributions paid by the “Members” this “Memorandum” provides the coverages as set forth in this below.