1996 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.80. ALASKA INSURANCE GUARANTY ASSOCIATION ACT
Sec. 21.80.050. Board of directors.
(a) The board of directors of the association consists of not fewer than five nor more than nine persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the director. Vacancies of the board shall be filled for the remaining period of the term in the same manner as initial appointments. If a member is not selected to fill a vacancy on the board of directors within 90 days of the vacancy, the director may appoint a member for the remaining period of the term.
(b) In approving selections to the board, the director shall consider among other things whether all member insurers are fairly represented.
(c) 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.
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