RCW 48.32.050
Board of directors.
(1) 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 a majority vote of the remaining board members, subject to the approval of the commissioner.
(2) In approving selections to the board, the commissioner shall consider among other things whether all member insurers are fairly represented. In the event of the insolvency of a member insurer who writes longshore and harbor workers' compensation act insurance, at least one member of the board must represent the interests of this class of insurer, and this member shall be added to the board at the next annual meeting following the insolvency.
(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.
[ 2005 c 100 § 5; 1975-'76 2nd ex.s. c 109 § 5; 1971 ex.s. c 265 § 5.]
Structure Revised Code of Washington
Chapter 48.32 - Washington Insurance Guaranty Association Act.
48.32.040 - Creation of the association—Required accounts.
48.32.050 - Board of directors.
48.32.060 - Powers and duties of the association.
48.32.070 - Plan of operation.
48.32.080 - Duties and powers of the commissioner.
48.32.090 - Effect of paid claims.
48.32.100 - Nonduplication of recovery.
48.32.110 - Prevention of insolvencies.
48.32.120 - Examination of the association.
48.32.145 - Credit against premium tax for assessments paid pursuant to RCW 48.32.060(1)(c).
48.32.160 - Stay of proceedings—Setting aside judgment.
48.32.170 - Termination, distribution of fund.
48.32.901 - Effective date—2005 c 100.