Section 26-A1701. GOVERNING COMMITTEE

 

1701.1The Bureau shall be administered by a Governing Committee and a Manager, in accordance with the Act and this title.

 

1701.2The Governing Committee shall consist of seven (7) members whose terms in office except as provided in § 1701.3 shall be as follows:

 

(a)Three (3) Governing committee members shall serve for a term of four (4) years;

 

(b)Two (2) Governing Committee members shall serve for a term of three (3) years; and

 

(c)Two (2) Governing Committee members shall serve for a term of two (2) years.

 

1701.3The first Governing Committee shall be appointed by the Commissioner, and shall serve a term which shall expire on September 30, 1987.

 

1701.4Members of the first Governing Committee may be replaced or vacancies filled by appointment of the Commissioner. Subsequently, the Governing Committee members shall be elected pursuant to §§1701.2, 1701.6, and 1702.1.

 

1701.5Only those Insurers who qualify for membership in the Bureau under §1700.4 shall be eligible to serve as Governing Committee members.

 

1701.6At least one (1) Governing Committee member shall represent the self-insured members of the Bureau and the full Governing Committee in the aggregate, not less than fifty percent (50%) of the total assessment to be made and controlled by the bureau during the immediately following calendar year.