41-3607. BOARD OF DIRECTORS — NUMBER — ELECTION OR APPOINTMENT — REIMBURSEMENT FOR EXPENSES. (1) The board of directors of the association shall consist of not less than five (5) nor more than nine (9) 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 director. Vacancies on the board shall be filled for the remaining period of the term by a majority vote of the remaining board members subject to the approval of the director. If no members are selected within sixty (60) days after May 6, 1970, the director may appoint the initial members of the board of directors.
(2) In approving selections to the board, the director shall consider among other things whether all member insurers are fairly represented.
(3) 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.
History:
[41-3607, added 1970, ch. 152, sec. 7, p. 462; am. 1997, ch. 109, sec. 5, p. 258.]
Structure Idaho Code
Chapter 36 - INSURANCE GUARANTY ASSOCIATION
Section 41-3601 - SHORT TITLE.
Section 41-3603 - APPLICATION OF ACT.
Section 41-3605 - DEFINITIONS.
Section 41-3606 - INSURANCE GUARANTY ASSOCIATION — INSURERS REQUIRED TO BE MEMBERS — PURPOSES.
Section 41-3608 - OBLIGATIONS AND POWERS OF ASSOCIATION.
Section 41-3610 - DUTIES AND POWERS OF DIRECTOR — JUDICIAL REVIEW.
Section 41-3612 - EXHAUSTION OF OTHER COVERAGE.
Section 41-3613 - PREVENTION OF INSOLVENCIES.
Section 41-3614 - REGULATION BY DIRECTOR — ANNUAL REPORTS TO DIRECTOR.
Section 41-3615 - EXEMPTION FROM TAXES — EXCEPTION.
Section 41-3616 - CREDITS FOR ASSESSMENTS PAID.
Section 41-3617 - NO LIABILITY FOR ACTIONS TAKEN PURSUANT TO ACT.
Section 41-3619 - PROTECTION OF ACT NOT USED TO SELL INSURANCE.