N.M. Stat. § 59A-30A-6
Board of directors.
A. The association's board of directors shall consist of not less than five nor more
than eleven appointed members serving terms as provided in the association's plan of
operation, and the superintendent or his designated representative as an ex-officio
member. Appointed board members shall be selected by member insurers, subject to
the superintendent's approval. A majority of the appointed members shall be employed
by member insurers. Vacancies shall be filled for the remaining term by majority vote of
the remaining board members, subject to the superintendent's approval.
B. Board members may be reimbursed from the administrative account for any
reasonable and necessary expenses incurred in their capacities as board members, but
the amount of such reimbursement shall not exceed guidelines provided by the
approved plan of operation.