Iowa § 515B.4 Board of directors

Iowa Statutes

§ 515B.4 — Board of directors

Iowa § 515B.4

Title XIIICOMMERCE

Ch. 515BINSURANCE GUARANTY ASSOCIATION

This text of Iowa § 515B.4 (Board of directors) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Iowa Code § 515B.4 (2026).

Text

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 by majority vote of the remaining directors, subject to the approval of the commissioner.

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 expenses incurred by them as members of the board of directors.

Free access — add to your briefcase to read the full text and ask questions with AI

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 by majority vote
of the remaining directors, subject to the approval of the commissioner.
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
expenses incurred by them as members of the board of directors.