§ 20-403
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/md/insurance/20-403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§20–403.
(a)There is a Board of Directors to administer the Association.
(1)The Board of Directors consists of nine members elected by Association members.
(2)Of the nine members of the Board of Directors:
(i)four shall be nominated by the American Property Casualty Insurance Association;
(ii)one shall be associated with a domestic insurer that is not affiliated with the American Property Casualty Insurance Association;
(iii)two may not be affiliated with a member company of the American Property Casualty Insurance Association or with a domestic insurer that is otherwise represented on the Board of Directors; and
(iv)two shall be nominated by the members of the Board of Directors selected under items
(i)through
(iii)of this paragraph.
(3)The term of a member of the Board of Directors is 1 year.
(4)If the American Property Casualty Insurance Association fails to submit the name of a nominee at least 10 days before the election, the requirement that four directors be from among nominees of that group need not be met for that year.