26.1-36.7-04. Board of directors

26.1-36.7-04. Board of directors 1. The association is governed by the board of directors of the reinsurance association of North Dakota. 2. The board consists of the state health officer, one senator appointed by the majority leader of the senate of the legislative assembly, one representative appointed by the speaker of the house of representatives of the legislative assembly, one individual from each of the four insurers of the association with the highest annual market share as determined by annual market share reports of health benefit plans provided by the commissioner annually, and two nonvoting members from the insurance department appointed by the commissioner. 3. Members of the board may be reimbursed from the moneys of the association for expenses incurred by the members due to their service as board members, but may not otherwise be compensated by the association for board services. 4. The costs of conducting the meetings of the association and the board are borne by the association. 5. For cause, the commissioner may remove any board member representing one of the four insurers.