§ 27-34-7 - Board of directors. - Rhode Island Statutes

SECTION 27-34-7

   § 27-34-7  Board of directors. – (a) The board of directors of the fund shall consist of not less than five (5)nor more than nine (9) persons serving terms as established in the plan ofoperation. The members of the board shall be selected by member insurerssubject to the approval of the commissioner. Vacancies on the board shall befilled for the remaining period of the term by a majority vote of the remainingboard members subject to the approval of the commissioner.

   (b) In approving selections to the board, the commissionershall consider among other things whether all member insurers are fairlyrepresented.

   (c) Members of the board of directors may be reimbursed fromthe assets of the fund for expenses incurred by them as members of the board ofdirectors.