7707 - Board of Directors.

NY Ins L § 7707 (2019) (N/A)
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(b) In approving selections or in appointing members to the board, the superintendent 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 corporation for expenses incurred by them as members of the board of directors but shall not otherwise be compensated by the corporation for their services.

(d) The superintendent shall be ex-officio chairman of the board of directors but shall not be entitled to vote.