§ 97-132. Board of directors. - North Carolina Statutes

§ 97‑132.  Board ofdirectors.

The Board shall consist of notless than nine directors serving terms as established in the Plan. Thedirectors shall be selected by the members of the Association, subject to theapproval of the Commissioner, and shall serve for three‑year terms anduntil a successor is elected and qualified. There is no limitation on thenumber of terms a director may serve. In approving selections to the Board, theCommissioner shall consider, among other things, whether individual self‑insurersand group self‑insurers are fairly represented. Directors may bereimbursed from the assets of the Association for expenses incurred by them asdirectors. (1985(Reg. Sess., 1986), c. 1013, s. 1; 1987, c. 528, s. 3; 2005‑400, s. 3.)