20-141 - Arizona Statutes

20-141. Director of insurance; appointment; term; qualifications; compensation A. There shall be a director of insurance who shall be appointed by the governor pursuant to section 38-211. B. The term of the director shall be six years and shall expire on the third Monday in January of the appropriate year, but he may be removed by the governor for cause. C. The director shall be a person well versed in insurance matters who has been a resident of the state for at least three years prior to appointment. D. The director shall receive compensation as determined pursuant to section 38-611.