There is a newer version of the New Hampshire Revised Statutes
2014 New Hampshire Revised Statutes
Title XXXVII - INSURANCE
Chapter 404-H - NEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION ACT OF 2004
Section 404-H:7 - Board of Directors.
NH Rev Stat § 404-H:7 (2014) What's This?
404-H:7 Board of Directors. –
I. The board of directors of the association shall consist of not less than 5 nor more than 9 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 a majority vote of the remaining board members subject to the approval of the commissioner. If no members are selected within 60 days after the effective date of this chapter, the commissioner may appoint the initial members of the board of directors.
II. In approving selections to the board, the commissioner shall consider among other things whether all member insurers are fairly represented.
III. 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.
Source. 2004, 197:1, eff. Aug. 6, 2004.
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