2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 515B - INSURANCE GUARANTY ASSOCIATION
515B.4 - BOARD OF DIRECTORS.

        515B.4  BOARD OF DIRECTORS.
         The board of directors of the association shall consist of not
      less 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
      commissioner.  Vacancies on the board shall be filled for the
      remaining period of the term by majority vote of the remaining
      directors, subject to the approval of the commissioner.
         In approving selections to the board the commissioner shall
      consider among other things whether all member insurers are fairly
      represented.
         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.  
         Section History: Early Form
         [C71, 73, 75, 77, 79, 81, § 515B.4]
         Referred to in § 515B.3, 515B.6

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