§431P-3  Board of directors. (a)  The board of directors of the fund shall consist of the insurancecommissioner as an ex officio voting member and six members appointed by thegovernor in accordance with section 26-34.  The board shall be the policy makingbody of the fund.  As such, the board shall be responsible for establishingpolicies for the administration and operation of the fund and the performanceof other duties and functions assigned to the fund.

(b)  Two members shall, by and with the adviceand consent of the senate, be appointed by the governor for a term of fouryears; provided that of the initial appointees, one shall be appointed for atwo-year term.  A vacancy on the authority of a seat subject to this subsectionshall be filled in accordance with Article V, section 6, of the Constitution ofthe State of Hawaii.

(c)  Two members shall, by and with the adviceand consent of the senate, be appointed by the governor from a list ofnominations submitted by the president of the senate.  The members appointedfrom a list of nominations of the president of the senate shall serve for aterm of four years; provided that of the initial appointees, one shall beappointed for a two-year term.

(d)  Two members shall, by and with the adviceand consent of the senate, be appointed by the governor from a list ofnominations submitted by the speaker of the house of representatives.  Themembers appointed from a list of nominations of the speaker of the house ofrepresentatives shall serve for a term of four years; provided that of theinitial appointees, one shall be appointed for a two-year term.

(e)  The governor shall select a chairpersonand vice- chairperson from among the members.

(f)  The board shall meet as often as necessaryto formulate and implement strategies and plans of operation in furtherance ofthis chapter.  Upon its appointment, the board shall adopt an interim plan ofoperation within ninety days.

(g)  The appointed directors shall receive nocompensation for services, but shall be entitled to reimbursement of necessaryexpenses, including travel expenses, incurred in the performance of theirduties.

(h)  The board may appoint, not subject tochapter 76, an executive director of the fund whose salary shall be set by theboard.  The board may employ, not subject to chapter 76, technical experts andofficers, agents, and employees, permanent or temporary, as required.  Theboard may also contract with persons, not subject to chapters 76 and 78 when inthe determination of the board, the services to be performed are unique andessential to the execution of the functions of the fund. [L 1993, c 339, pt of§2; am L 1998, c 106, §3; am L 2000, c 253, §150; am L 2005, c 22, §29]