Board of directors, members, appointment, qualifications
This law sets up the board of directors for a workers' compensation insurance corporation in Missouri. The board has eight people on it — one is always the director of the division of workers' compensation, and the other seven are private business people who are members of the corporation. Board members serve four-year terms, can only serve two terms in a row, and do not get paid but can be paid back for any expenses they have while doing board work. A board member can be removed if they resign, die, are convicted of a felony, or if the board votes them out for doing a bad job or acting improperly.
287.862. , members, appointment, qualifications — to be member — terms, vacancies — expense . — 1. The board of directors of the shall consist of eight members, one of whom shall, on a permanent basis, be the director of the , and such shall be organized as is established in the under section 287.870.
2. With respect to initial appointments, the director of the shall act as a permanent member of the board, without voting , and shall appoint to the board initially seven additional persons, other than the director, who are qualified private sector in this state required to be members of the corporation the of 1 of section 287.860.
3. Two of such board members shall serve for two-year terms, ending no later than January 1, 1995, and three of such board members shall serve for three-year terms, ending no later than January 1, 1996, and two of such board members shall serve for terms of four years, ending no later than January 1, 1997. Thereafter, all future members of the board shall be recommended for appointment to the board by members of the corporation in accordance with the procedures established in section 287.870 for the plan of operation for four-year terms, and shall serve as such members until their successors are appointed. Each member shall serve no longer than two terms in office.
4. Any in the office of any member of the board shall occur upon the member's resignation, death or of a . The board, by majority vote, may also remove any member from office upon a finding of incompetence, or in office. Within thirty days after the office of any member becomes vacant for any reason, the members of the board shall fill that vacancy for the unexpired term in the same manner as that in which appointments, other than initial appointments, are made.
5. The director and every member of the board shall receive no for such services but shall be for any expenses incurred in carrying out the duties of the board on behalf of the corporation.
6. All other matters pertaining to the selection and of any member of the board shall be set forth in the plan of operation and the applicable that may be hereinafter enacted.
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Source & history notes
(L. 1992 H.B. 975)
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