Idaho § 41-3109 DIRECTORS

Idaho Statutes

§ 41-3109 — DIRECTORS

Idaho·Title 41 INSURANCE·Ch. 31 COUNTY MUTUAL INSURERS

(1)The affairs of the insurer shall be under the direction of a board of directors comprised of not less than nine (9) nor more than twenty-five (25) members of the insurer.

(2)After expiration of the term of initial directors, if any, as provided for in the articles of incorporation, directors shall be elected at the annual meeting of the insurer’s members for terms of not more than three (3) years each. If terms of more than one (1) year are used, the terms of directors shall be staggered so that the terms of a proportionate number of directors will expire each year.

(3)A director may also act as an agent for the insurer with the same but not greater contract authority as any other agent.

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

(1) The affairs of the insurer shall be under the direction of a board of directors comprised of not less than nine (9) nor more than twenty-five (25) members of the insurer.
(2) After expiration of the term of initial directors, if any, as provided for in the articles of incorporation, directors shall be elected at the annual meeting of the insurer’s members for terms of not more than three (3) years each. If terms of more than one (1) year are used, the terms of directors shall be staggered so that the terms of a proportionate number of directors will expire each year.
(3) A director may also act as an agent for the insurer with the same but not greater contract authority as any other agent.

Idaho § 41-3109 (DIRECTORS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.