Utah Statutes
§ 31A-28-206 — Board of directors.
Utah·Title 31A Insurance Code·Ch. 31A-28 Guaranty Associations·Part 31A-28-2 Property and Casualty Guaranty Association
(1)(1)(a) The board of directors of the association consists of not less than five nor more than nine members, serving terms of four years each.
(1)(b) The members of the board shall be selected by member insurers, subject to the commissioner's approval. When a vacancy occurs in the membership for any reason, the replacement shall be elected for the unexpired term by a majority vote of the remaining board members, subject to the commissioner's approval.
(1)(c) In approving selections or in appointing members to the board, the commissioner shall consider whether all member insurers are fairly represented.
(1)(d) Notwithstanding Subsection (1)(a), the commissioner shall, at the time of election or reelection, adjust the length of terms to ensure that the terms of board members are staggere
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Legislative History
Amended by Chapter 363, 2001 General Session
Nearby Sections
15
§ 31A-1-101
Short title.§ 31A-1-102
Purposes.§ 31A-1-103
Scope and applicability of title.§ 31A-1-104
Authorization to do insurance business.§ 31A-1-105
Presumption of jurisdiction.§ 31A-1-106
Residual unlicensed domestic insurers.§ 31A-1-107
Licensees under former Title 31.§ 31A-1-108
Corporations in the process of organizing.§ 31A-1-109
Name of licensee.§ 31A-1-110
Scope of a license.§ 31A-1-201
Construction.§ 31A-1-202
Effect of repeal of former provisions.§ 31A-1-203
Interpretive rules.§ 31A-1-205
Severability.§ 31A-1-301
Definitions.