Montana Code 39-71-2604. Board of directors of fund
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39-71-2604. Board of directors of fund. (1) There is a board of directors of the Montana self-insurers guaranty fund.
Terms Used In Montana Code 39-71-2604
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of directors of the Montana self-insurers guaranty fund. See Montana Code 39-71-2603
- Fund: means the Montana self-insurers guaranty fund established pursuant to 39-71-2609. See Montana Code 39-71-2603
- Member: means an employer bound by compensation plan No. See Montana Code 39-71-2603
(2)The board consists of five members who are representatives of private self-insurers and who shall serve staggered 4-year terms.
(3)Board members are elected by the members of the fund, with each member having one vote.
(4)Board members may be reimbursed from the assets of the fund for the actual expenses incurred in connection with their duties as board members.