(a) (1) The Board of Directors of the Corporation consists of at least five members but not more than nine members.
(2) The members of the Board shall be elected from among the member insurers.
(3) The terms of the members of the Board shall be as set by the plan of operation.
(4) A vacancy on the Board shall be filled for the remainder of the term by a majority vote of the remaining members of the Board.
(b) (1) The Board of Directors shall elect a chairman from among its members and appoint three of its members to be an executive committee.
(2) The Board may elect other officers.
(c) When electing members of the Board of Directors or filling vacancies on the Board, consideration shall be given to, among other things, whether all member insurers are fairly represented.
(d) A member of the Board of Directors may be reimbursed by the Corporation for expenses incurred in carrying out duties as a member of the Board.
Structure Maryland Statutes
Subtitle 3 - Property and Casualty Insurance Guaranty Corporation
Section 9-302 - Purposes of Subtitle
Section 9-303 - Scope of Subtitle
Section 9-304 - Corporation Established; Membership; Plan of Operation; Accounts; Status
Section 9-305 - Board of Directors
Section 9-306 - Powers and Duties of Corporation
Section 9-307 - Plan of Operation
Section 9-308 - Duties and Powers of Commissioner; Judicial Review
Section 9-309 - Effect of Payment of Claims by Corporation; Statements of Claims; Subrogation
Section 9-310 - Exhaustion of Rights; Priority and Nonduplication of Recovery
Section 9-310.1 - Obligations of Corporation to Cease
Section 9-311 - Examination and Regulation; Financial Report
Section 9-312 - Exemption From Payment of Fees and Taxes
Section 9-313 - Recoupment of Assessments Paid by Member Insurers
Section 9-314 - Immunity From Liability; Corporation Independent From State
Section 9-315 - Stay of Proceedings; Default Judgments
Section 9-316 - Termination of Corporation; Expiration of Subtitle