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Current as of January 01, 2023 | Updated by FindLaw Staff
Subdivision 1. Membership. An election must be held among every insurer subject to sections 65B.01 to 65B.12, for the election of insurer representatives on the facility governing committee. The governing committee shall be made up of nine individuals, five of whom shall be elected by members of the facility and four who shall be public members. Public members may include licensed insurance agents. The public members shall be appointed by the commissioner. The term of office for members of the governing committee is two years.
Each member serving on the governing committee shall be represented by a salaried employee of that member, and not more than one member in a group under the same management shall serve on the governing committee at the same time.
Subd. 2. Terms of office.The governing committee members shall serve two-year terms. Vacancies shall be filled as provided in the plan of operation.
Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 65B.03. Governing committee - last updated January 01, 2023 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-65b-03/
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