{"data":{"id":"us-dc/d.c.-code-31-5404","jurisdiction":"us-dc","citation":"D.C. Code § 31-5404","heading":"Board of Directors.","body":"(a)\n(1)\nThe Board shall consist of no fewer than 7 and no more than 11 member insurers serving terms as established in the plan of operations.\n(2)\nThe members of the Board shall be selected by member insurers subject to the approval of the Mayor.\n(3)\nVacancies on the Board shall be filled for the remaining period of the term by a majority vote of the remaining Board members, subject to the approval of the Mayor.\n\n(b)\nThe Mayor shall give notice to all member insurers of the time and place of the organizational meeting to select the initial Board of Directors, and to initially organize the Association.\n\n(c)\nIn determining voting rights at the organizational meeting, each member insurer shall be entitled to 1 vote in person or by proxy.\n\n(d)\nIf the Board of Directors is not selected within 60 days after notice of the organizational meeting, the Mayor may appoint the initial members.\n\n(e)\nIn approving selections or in appointing members to the Board, the Mayor shall consider, among other things, whether all member insurers are fairly represented.\n\n(f)\nMembers of the Board may be reimbursed from the assets of the Association for expenses incurred by them as members of the Board of Directors, but shall not otherwise be compensated by the Association for their services.","path":["Title 31. Insurance and Securities.","Chapter 54. Life and Health Insurance Guaranty Association."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-5404","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"662279ab44149005a865bdeca18c38e9996aa063b13f21038e1ee89ab27cde4c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-5403","next":"us-dc/d.c.-code-31-5405"},"notice":"GroundRules: Original legal text. Not legal advice."}