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§5204

§5204 . Board of directors.

§5204(a)

(a) The board of directors of the corporation shall be composed of 9 persons. 7 of such directors shall be representatives of motor vehicle liability insurers, shall serve without compensation and be elected from among the members of the corporation by the members of the corporation, each of which members shall have 1 vote. In addition, the superintendent shall appoint 2 directors as representing broad segments of the public; 1 such director shall be a duly licensed insurance agent or broker and 1 shall have no affiliation with insurers or insurance producers.

§5204(b)

(b) Each director shall serve for a term of 2 years. At the expiration of the initial term their successors in office shall serve for terms as fixed in the by-laws of the corporation.
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