New Mexico Statutes 10-7-4.1. Children, youth and families department; group life insurance
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Notwithstanding the provisions of Section 10-7-4 N.M. Stat. Ann. and in addition to all other benefits provided juvenile correctional officers and correctional officer specialists, the children, youth and families department shall provide life insurance coverage in the amount of twenty-five thousand dollars ($25,000) for each juvenile correctional officer and correctional officer specialist, to be paid to his designated beneficiary. The coverage shall include double indemnity provisions for death incurred in the line of duty. The coverage shall be provided by a group term insurance policy, the premium for
Terms Used In New Mexico Statutes 10-7-4.1
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
which shall be paid out of state funds appropriated to the children, youth and families department.