1996 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.79. ALASKA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT
Sec. 21.79.050. Board of governors.
(a) The Board of Governors of the association consists of not less than five nor more than nine representatives of member insurers. Terms of office for board members shall be established in the plan of operation submitted under AS 21.79.080 . Member insurers shall select the board members, subject to the approval of the director. A vacancy on the board shall be filled for the unexpired term by a majority vote of the remaining board members, subject to the approval of the director.
(b) Before the director approves the selection of a board member or appoints a board member, the director shall consider whether all member insurers are fairly represented on the board.
(c) A board member is not entitled to compensation by the association. However, a board member may be reimbursed from the assets of the association for expenses incurred while performing duties as a member of the board.
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