                                 CODE OF VIRGINIA

BOARD OF DIRECTORS OF ASSOCIATION (§ 38.2-1703)

A. The board of directors of the Association shall consist of not less than nine
nor more than 13 member insurers 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 Commission. Vacancies on the board shall be filled for
the remainder of the term by a majority vote of the remaining board members,
subject to the approval of the Commission.

B. In approving selections the Commission 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 but members of
the board shall not be otherwise compensated by the Association for their
services.

HISTORY: 1976, c. 330, § 38.1-482.21; 1986, c. 562; 2010, c. 510; 2018, cc.
258, 306, 706.