Section 379.860

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 2006, 2 histories, see footnote   (history) 

  379.860.  Administration of program — governing committee, members, vacancies. — 1.  This program shall be administered by a governing committee (hereinafter referred to as "the committee") of the facility, subject to the supervision of the director, and operated by a manager appointed by the committee.

  2.  The committee shall consist of thirteen members:

  (1)  Ten members shall be elected from the following:

American Insurance Association, two;

Property Casualty Insurers Association of America, two;

National Association of Mutual Insurance Companies, one;

Missouri Insurance Coalition, one;

All other stock insurers, two;

All other nonstock insurers, two;

  (2)  Three members shall be appointed by the director from each of the following:

Missouri insurer, one;

Licensed agent of an insurer, two.

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Not more than one insurer in a group under the same management or ownership shall serve on the committee at the same time.

  3.  In case of a vacancy on the governing committee the director shall appoint a representative to such vacancy pending the designation or election as provided in the program.

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(L. 1969 H.B. 772 § 379.131, A.L. 1986 S.B. 701, A.L. 2006 S.B. 837)