Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Board of directors
Insurance (ISC) CHAPTER 28, ARTICLE 52
§ 5204. Board of directors. (a) The board of directors of the
corporation shall be composed of nine persons. Seven of such directors
shall be representatives of motor vehicle liability insurers, shall
serve without compensation and be elected from among the members of the
corporation by the members of the corporation, each of which members
shall have one vote. In addition, the superintendent shall appoint two
directors as representing broad segments of the public; one such
director shall be a duly licensed insurance agent or broker and one
shall have no affiliation with insurers or insurance producers.

(b) Each director shall serve for a term of two years. At the
expiration of the initial term their successors in office shall serve
for terms as fixed in the by-laws of the corporation.