Advertising with us can place you in front of thousands of visitors a day. Learn more!
- Alaska Statutes.
- Title 21. Insurance
- Chapter 80. Alaska Insurance Guaranty Association Act
- Section 50. Board of Governors.
previous: Section 40
. Creation of Association.
next: Section 60
. Powers and Duties of the Association.
AS 21.80.050. Board of Governors.
- (a) The board of governors of the association consists of not fewer than five nor more than nine members as specified in
and serving terms as established in the plan of operation. The director may appoint two individuals as members of the
board to represent the public. The insurer members of the board shall be selected by member insurers, subject to the
approval of the director. A vacancy in a board membership held by an insurer member 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 an
insurer member is not selected to fill a vacancy on the board of governors within 90 days of the vacancy, the director
may appoint a member for the remaining period of the term. A vacancy in a board membership held by a representative of
the public may be filled by the director. A board member who represents the public may not be an officer, director, or
employee of an insurer and may not be engaged in the business of insurance.
- (b) In approving member insurer selections to the board, the director 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 association for expenses incurred by them as members of
the board of governors.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature
If any errors are found, please e-mail Touch N' Go systems at E-mail. We
hope you find this information useful.