41-3109. DIRECTORS. (1) The affairs of the insurer shall be under the direction of a board of directors comprised of not less than nine (9) nor more than twenty-five (25) members of the insurer.
(2) After expiration of the term of initial directors, if any, as provided for in the articles of incorporation, directors shall be elected at the annual meeting of the insurer’s members for terms of not more than three (3) years each. If terms of more than one (1) year are used, the terms of directors shall be staggered so that the terms of a proportionate number of directors will expire each year.
(3) A director may also act as an agent for the insurer with the same but not greater contract authority as any other agent.
History:
[41-3109, added 1961, ch. 330, sec. 667, p. 645; am. 1983, ch. 46, sec. 1, p. 117.]
Structure Idaho Code
Chapter 31 - COUNTY MUTUAL INSURERS
Section 41-3101 - SCOPE OF CHAPTER — PROVISIONS EXCLUSIVE.
Section 41-3102 - ORGANIZATION OF COUNTY MUTUAL FIRE INSURERS.
Section 41-3102A - CONVERSION INTO DOMESTIC MUTUAL.
Section 41-3103 - FILING OF ARTICLES — COMMENCEMENT OF BUSINESS.
Section 41-3104 - INSURING POWERS.
Section 41-3104A - PROPERTY USED TO FIGHT FIRES — CHARGES.
Section 41-3105 - INSURER’S TERRITORY.
Section 41-3106 - LIMIT OF RISK.
Section 41-3107 - REINSURANCE.
Section 41-3108 - CERTIFICATE OF AUTHORITY REQUIRED.
Section 41-3111 - ADVANCE PAYMENTS BY MEMBERS.
Section 41-3112 - ASSESSMENTS.
Section 41-3112A - ADVANCE PREMIUMS — RETURN PREMIUMS.
Section 41-3114 - INVESTMENTS.
Section 41-3115 - SITE FOR HEAD OFFICE.
Section 41-3116 - RECORDS — ANNUAL STATEMENT.