Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 5/531.07

(215 ILCS 5/531.07) (from Ch. 73, par. 1065.80-7)

Sec. 531.07. Board of Directors.)

  The board of directors of the
Association consists of not less than 7 nor more than 11 members serving
terms as established in the plan of operation.  The insurer members of the board
are to be selected by member insurers subject to the approval of the
Director.  In addition, 2 persons who must be public representatives may be appointed by the Director to the board of directors. A public representative may not be an officer, director, or employee of an insurance company or a health maintenance organization or any person engaged in the business of insurance. Vacancies on the board must be filled for the remaining period
of the term in the manner described in the plan of operation.

In approving selections or in appointing members to the board, the
Director must consider, whether all member insurers are
fairly represented.

Members of the board may be reimbursed from the assets of the Association
for expenses incurred by them as members of the board of directors but
members of the board may not otherwise be compensated by the Association for
their services.

(Source: P.A. 100-687, eff. 8-3-18.)