New Hampshire § 404-H:7 Board of Directors

New Hampshire Statutes

§ 404-H:7 — Board of Directors

New Hampshire § 404-H:7

Title XXXVIIINSURANCE

Ch. 404-HNEW HAMPSHIRE INSURANCE GUARANTY ASSOCIATION ACT OF 2004

This text of New Hampshire § 404-H:7 (Board of Directors) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 404-H:7 (2026).

Text

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

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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.