20-2204. Directors; election; appointment
103 words·~1 min read·
/az/title-20/20-2204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. The association shall be governed by a board of eleven directors annually appointed by the director. Six of the directors shall be selected from the members of the association. Three of the directors shall be domestic insurers and three shall be foreign insurers. Five of the directors shall be representatives of commercial insureds.
B. Directors of the association shall receive no compensation and shall not be entitled to travel expenses as authorized by title 38, chapter 4, article 2, but shall be entitled to be reimbursed for expenses incurred by them as members of the board from the assets of the association.