RS 22:2086     

§2086.  Board of directors

A.  The board of directors of the association shall consist of one consumer representative appointed by the commissioner subject to Senate confirmation, who shall be a resident of the state of Louisiana, and ten member insurers serving terms as established in the plan of operation.  The consumer representative may not be an officer, director, or employee of an insurance company or engaged in the business of insurance.  The insurer members of the board shall be selected by member insurers subject to the approval of the commissioner from the following groups or their successors:

(1)  One representative of a member which is a domestic commercial insurance company and a member of the Louisiana Insurers' Conference.

(2)  Two representatives of member insurers selected from recommendations of the American Council of Life Insurers.

(3)  One representative of a member insurer selected from recommendations of America's Health Insurance Plans.

(4)  One representative of a member insurer which is a domestic commercial health insurer.

(5)  One representative of a member insurer which is a member of the Life Insurers' Conference.

(6)  One representative of a member insurer which is a member of the  American Council of Life Insurers Forum 500.

(7)  One representative to be approved by the commissioner, who represents a member insurer which is a domestic nonprofit mutual insurer engaged exclusively in the business of furnishing hospital service, medical, or surgical benefits.

(8)  Two persons, one appointed by the president of the Senate and one appointed by the speaker of the House of Representatives, both of whom shall be residents of the state of Louisiana.

B.  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.

C.  In approving selections or in appointing members to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.

D.  Members of the board may be reimbursed from the assets of the association for reasonable expenses incurred by them as members of the board of directors.  The members of the board shall otherwise not be compensated by the association for their services.

Acts 1991, No. 998, §1, eff. Sept. 30, 1991; Acts 1994, 3rd Ex. Sess., No. 92, §1; Redesignated from R.S. 22:1395.6 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 258, §1; Acts 2012, No. 271, §1.

NOTE:  Former R.S. 22:2086 redesignated as R.S. 22:498 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009.