Delaware Code Title 18 Sec. 4207 – Board of Directors
(a) The Board of Directors of the Association shall consist of not less than 5 nor more than 9 persons serving terms as established in the plan of operation. The members of the Board shall be selected by member insurers subject to the approval of the Commissioner. Vacancies of the Board shall be filled for the remaining period of the term in the same manner as initial appointments. If no members are selected within 60 days after July 1, 1970, the Commissioner may appoint the initial members of the Board of Directors.
Terms Used In Delaware Code Title 18 Sec. 4207
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Association: means the Delaware Insurance Guaranty Association created under § 4206 of this title. See Delaware Code Title 18 Sec. 4205
- Commissioner: means the Commissioner of Insurance of this State. See Delaware Code Title 18 Sec. 4205
(b) In approving selections to the Board, the Commissioner shall consider among other things whether all member insurers are fairly represented.
(c) 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.
18 Del. C. 1953, § ?4207; 57 Del. Laws, c. 437.;