(215 ILCS 5/445.2)
(from Ch. 73, par. 1057.2)
Board of Directors.
The Association shall function through
a Board of Directors elected by the Association members, and officers who
shall be elected by the Board of Directors.
The Board of Directors of the Association shall consist of not less than
5 nor more than 9 persons serving terms as established in the plan of
operation. The plan of operation shall provide for the election of a Board
of Directors by the members of the Association from its membership. The
plan of operation shall fix the manner of voting and may weigh each
member's vote to reflect the annual surplus line insurance premium written
by the member. Members employed by the same or affiliated employers may
consolidate their premiums written and delegate an individual officer or
partner to represent the member in the exercise of Association affairs,
including service on the Association Board of Directors.
The Director shall appoint an interim Board of Directors for the sole purpose
of conducting an election of Directors. If no Board of Directors is elected
within 90 days after the effective date of this amendatory Act of 1984,
the Director shall appoint the initial members of the Board of Directors.
The Board of Directors shall elect such officers as may be provided in
the plan of operation.
(Source: P.A. 83-1300.)