New York Laws
Article 77 - The Life and Health Insurance Company Guaranty Corporation of New York Act
7707 - Board of Directors.

(b) In approving selections or in appointing members to the board, the
superintendent shall consider, among other things, whether all member
insurers are fairly represented.
(c) Members of the board may be reimbursed from the assets of the
corporation for expenses incurred by them as members of the board of
directors but shall not otherwise be compensated by the corporation for
their services.
(d) The superintendent shall be ex-officio chair of the board of
directors but shall not be entitled to vote.

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