Chapter 072

2011 -- H 5542

Enacted 06/15/11





     Introduced By: Representatives DaSilva, and Guthrie

     Date Introduced: March 02, 2011


It is enacted by the General Assembly as follows:


          SECTION 1. Section 4 of Chapter 410 of the 2003 Public Laws entitled “Workers’

Compensation Insurance Fund” is hereby amended to read as follows:


     SECTION 4. Board of directors. – The board of directors shall be comprised of seven

(7) eight (8) members elected or appointed as provided in this section and the director of the

department of labor and training and the chief executive officer of the fund who shall be an ex

officio members member.

     Each director shall hold office until a successor is appointed and qualified. Except for the

ex officio members member, each director shall be a policyholder or an officer or employee of a

policyholder. The governor shall appoint four (4) five (5) directors and three (3) directors shall be

elected by the fund’s policyholders. In addition to the director of the department of labor and

training, no No more than one (1) member of the board may be an elected or appointed official of

state or municipal government. At least three (3) members of the board shall be policyholders of

an officer or employee of a policyholder which is a for profit entity. No member other than the

chief executive officer may represent or be an employee of an insurance company. The terms of

board members, except for the ex officio members member, shall be four (4) years in accordance

with the provisions for the election and classification of directors as may be established in the

fund’s bylaws. Any vacancy occurring during the term of any director shall be filled as provided

in the fund’s bylaws in the same manner as the member’s predecessor. The board shall annually

elect a chairperson from among its members, and any other officers it deems necessary for the

performance of its duties.


     SECTION 2. This act shall take effect upon passage.