Chapter 087
2011 -- S 0791
Enacted 06/21/11
A N A C T
RELATING TO INSURANCE -- WORKERS' COMPENSATION INSURANCE FUND
Introduced By: Senators Gallo, Ciccone, and DaPonte
Date Introduced: March 24, 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.
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LC01308
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