HRS §431:16-107
How the association's board is chosen and run
This section sets up the board of directors for the insurance association. The board has between five and nine members, chosen by member insurers and approved by the state insurance commissioner. The commissioner checks that all member insurers are fairly represented, and board members can be paid back for their expenses.
The statute, as written — Board of directors
(a) 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 a majority vote of the remaining board members subject to the approval of the commissioner. (b) In approving selections to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented. (c) 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.
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