304.40-090 Board of directors -- Selection -- Qualifications.
The association shall be governed by a board of thirteen (13) directors. Five (5) directors <br>shall be elected by the insurance companies which are members of the association, at a <br>meeting of the member companies at a time and place designated by the commissioner, <br>by cumulative voting of the member companies, whose vote shall be weighted in <br>accordance with each member's net direct premiums written during the preceding <br>calendar year. One (1) of these five (5) directors shall be from a member company <br>domiciled in Kentucky. The commissioner shall appoint seven (7) directors, one (1) <br>named by the Kentucky Medical Association; one (1) named by the Kentucky Bar <br>Association; one (1) named by the Kentucky Hospital Association; one (1) who is a <br>licensed resident property and casualty agent in Kentucky; and three (3) knowledgeable <br>members of the public at large, who have no interest in any of the foregoing categories. <br>The commissioner or the commissioner's designee shall serve as a director.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 1541, effective July 15, 2010. -- Created
1976 Ky. Acts ch. 164, sec. 9, effective June 19, 1976.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
