A domestic insurer may not have fewer than five directors. A director need not be a shareholder or member of the insurer unless the articles of incorporation so require, but a director must be 21 years of age or older. At least five or one-quarter of the directors, whichever is fewer, must be residents of this state. A majority of directors must be persons who are not salaried officers of the insurer. [1967 c.359 § 174; 1997 c.771 § 18; 2007 c.433 § 1]

[1967 c.359 § 175; repealed by 1987 c.846 § 19]

[Formerly 738.200; repealed by 1983 c.24 § 1]