[§346C-3]  Composition of the board.  (a) The board of trustees of the long-term care financing program shall consist offive regular members and one ex-officio nonvoting member to be appointed by thegovernor as provided in section 26-34; provided that:

(1)  The terms of members shall be six years; and

(2)  The initial appointments may be staggered inaccordance with section 26-34(a).

[(b)]  The members of the board of trustees shall have experience in accounting, business,finance, law, or other similar fields, and experience equivalent to five yearsas an officer or manager of a viable business, community, or organizationinvolved with insurance management, portfolio management, health caremanagement, or similar field.  The composition of the board of trustees shallrepresent a diversity of relevant experience.

[(c)]  Theboard of trustees shall elect a chairperson from among themselves.  Thetrustees shall serve without compensation. [L 2002, c 245, pt of §2]