US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 43
                   IDAHO LIFE AND HEALTH INSURANCE GUARANTY
                               ASSOCIATION ACT
    41-4307.  BOARD OF DIRECTORS. (1) The board of directors of the
association shall consist of not less than five (5) nor more than nine (9)
member insurers serving terms as established in the plan of operation. A
majority of the members of the board shall be Idaho domestic insurers. The
members of the board shall be selected by member insurers subject to the
approval of the director. Vacancies on the board shall be filled for the
remaining period of the term by a majority vote of the remaining board
members, subject to the approval of the director. To select the initial board
of directors, and initially organize the association, the director shall give
notice to all member insurers of the time and place of the organizational
meeting. In determining voting rights at the organizational meeting each
member insurer shall be entitled to one (1) vote in person or by proxy. If the
board of directors is not selected within sixty (60) days after notice of the
organizational meeting, the director may appoint the initial members.
    (2)  In approving selections or in appointing members to the board, the
director shall consider, among other things, whether all member insurers are
fairly represented.
    (3)  Members of the board may be reimbursed from the assets of the
association for expenses incurred by them as members of the board of
directors, but members of the board shall not otherwise be compensated by the
association for their services.