Colorado Statutes
§ 10-4-507 — Board of directors
(1)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 in the same manner as
initial appointments.
(2)In approving selections to the board, the commissioner 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 actual and necessary expenses incurred by them as members of the
board of directors.
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Legislative History
Source: L. 71: p. 757, � 1. C.R.S. 1963: � 72-34-7.
Nearby Sections
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§ 10-1-101
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