41-3109 — DIRECTORS
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TITLE 41
INSURANCE
CHAPTER 31
COUNTY MUTUAL INSURERS
41-3109. DIRECTORS. (1) The affairs of the insurer shall be under the
direction of a board of directors comprised of not less than nine (9) nor more
than twenty-five (25) members of the insurer.
(2) After expiration of the term of initial directors, if any, as
provided for in the articles of incorporation, directors shall be elected at
the annual meeting of the insurer's members for terms of not more than three
(3) years each. If terms of more than one (1) year are used, the terms of
directors shall be staggered so that the terms of a proportionate number of
directors will expire each year.
(3) A director may also act as an agent for the insurer with the same but
not greater contract authority as any other agent.