§431:10C-405  Board of governors.  (a) The commissioner shall establish within the bureau, a board of governors forthe purpose of providing expertise and consultation on all matters pertainingto the operation of the bureau and the joint underwriting plan.  The boardshall be composed of:

(1)  Five persons from, and members or representativesof, nationally organized insurers or their domestic insurer affiliates;

(2)  One person to represent insurance producers;

(3)  Two members, each a self-insurer under thisarticle, and nominated by all the certified self-insurers in the State;

(4)  Two members, not affiliated with the foregoingorganizations, nominated by such nonaffiliated insurers; and

(5)  Two members each, to be selected by thecommissioner or nominated by each of the classifications provided for insection 431:10C-407(b).

(b)  The commissioner shall provide, afterconsultation with the board, in the budget of the bureau, funds sufficient toreimburse each member of the board for the actual costs of transportation,overnight housing, food, and other incidental costs of attending to thebusiness and meetings of the board.  Otherwise, the members shall serve withoutcompensation.

(c)  The board shall elect its chairperson andvice chairperson annually.  The first meeting of the board shall be convened bythe commissioner within sixty days of the effective date of this article. Thereafter, the board shall meet at its discretion but not less frequently thanquarterly. [L 1987, c 347, pt of §2; gen ch 1993; am L 2003, c 212, §85]