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Current as of January 01, 2024 | Updated by Findlaw Staff
It is the purpose of the Fire Protection Fund Law to provide for distribution of funds from the fire protection fund referred to in Section 59A-6-5 NMSA 1978 to municipalities and to county fire districts, in proportion to their respective needs, for use in operation, maintenance and betterment of local fire departments, to the end that the hazard of loss by fire and fire insurance rates may be reduced and the public safety thereby promoted.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 59A. Insurance Code § 59A-53-2. Purpose - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-59a-insurance-code/nm-st-sect-59a-53-2/
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