Section 21.69.340. Directors.

Latest version.

   (a) The affairs of every domestic insurer shall be managed by the number of directors fixed in the insurer's bylaws, which shall not be less than five or more than 21 directors.
   (b) Directors must be elected from and by the members or stockholders of a domestic insurer, except as provided in AS 21.69.350, at the time and place, and for the terms, not exceeding three years, as may be provided in the insurer's bylaws.
   (c) The term of a director extends until a successor has been elected and has qualified.

Notes

History

(Sec. 1 ch 120 SLA 1966)

                    
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