515B.4 - BOARD OF DIRECTORS.

        515B.4  BOARD OF DIRECTORS.         The board of directors of the association shall consist of not      less than five nor more than nine persons serving terms as      established in the plan of operation.  The members of the board shall      be selected by member insurers subject to the approval of the      commissioner.  Vacancies on the board shall be filled for the      remaining period of the term by majority vote of the remaining      directors, subject to the approval of the commissioner.         In approving selections to the board the commissioner shall      consider among other things whether all member insurers are fairly      represented.         Members of the board may be reimbursed from the assets of the      association for expenses incurred by them as members of the board of      directors.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 515B.4]         Referred to in § 515B.3, 515B.6