Louisiana § 22:2086 Board of directors

Louisiana Statutes

§ 22:2086 — Board of directors

Louisiana·Title 22 Insurance

§2086. Board of directors A. The board of directors of the association shall consist of one consumer representative appointed by the commissioner subject to Senate confirmation, who shall be a resident of the state of Louisiana, and ten member insurers serving terms as established in the plan of operation. The consumer representative shall not be an officer, director, or employee of an insurance company or engaged in the business of insurance or a health maintenance organization. The insurer members of the board shall be selected by member insurers subject to the approval of the commissioner from the following groups or their successors:

(1)One representative of a member insurer which is a domestic commercial insurance company and a member of the Louisiana Insurers' Conference.

(2)Two re

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§2086. Board of directors
A. The board of directors of the association shall consist of one consumer
representative appointed by the commissioner subject to Senate confirmation, who shall be
a resident of the state of Louisiana, and ten member insurers serving terms as established in
the plan of operation. The consumer representative shall not be an officer, director, or
employee of an insurance company or engaged in the business of insurance or a health
maintenance organization. The insurer members of the board shall be selected by member
insurers subject to the approval of the commissioner from the following groups or their
successors:
(1) One representative of a member insurer which is a domestic commercial
insurance company and a member of the Louisiana Insurers' Conference.
(2) Two representatives of member insurers selected from recommendations of the
American Council of Life Insurers.
(3) One representative of a member insurer selected from recommendations of
America's Health Insurance Plans.
(4) One representative of a member insurer which is a domestic commercial health
insurer.
(5) One representative of a member insurer which is a member of the Life Insurers'
Conference.
(6) One representative of a member insurer which is a member of the American
Council of Life Insurers Forum 500.
(7) One representative who represents a member insurer which is a domestic
nonprofit mutual insurer engaged exclusively in the business of furnishing hospital service,
medical, or surgical benefits.
(8) Two persons, one appointed by the president of the Senate and one appointed by
the speaker of the House of Representatives, both of whom shall be residents of the state of
Louisiana.
B. 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.
C. In approving selections or in appointing members to the board, the commissioner
shall consider, among other things, whether all member insurers are fairly represented.
D. Members of the board may be reimbursed from the assets of the association for
reasonable expenses incurred by them as members of the board of directors. The members
of the board shall otherwise not be compensated by the association for their services.
NOTE: Former R.S. 22:2086 redesignated as R.S. 22:498 by Acts 2008, No.
415, §1, eff. Jan. 1, 2009.

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Legislative History

Acts 1991, No. 998, §1, eff. Sept. 30, 1991; Acts 1994, 3rd Ex. Sess., No. 92, §1; Redesignated from R.S. 22:1395.6 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 258, §1; Acts 2012, No. 271, §1; Acts 2018, No. 97, §1.