Section 16-7-5 - Board of directors(a) The plan shall be governed by a board of eleven directors, ten to be selected annually. Five directors shall be elected by cumulative voting by the members of the plan, whose votes in the election shall be weighted in accordance with each member's net direct premiums written during the preceding calendar year. Three directors shall be appointed by the insurance commissioner as representatives of the medical profession. Two directors shall be appointed by the insurance commissioner as representatives of the public. The insurance commissioner shall be the other member and shall be its chairperson.(b) Each member of the board shall have one vote and the affirmative votes of a majority of the members of the board shall be required to carry a proposition. A majority of the board shall constitute a quorum for the transaction of business and the acts of a majority of the board members present at a meeting, at which a quorum is present, shall be the acts of the board.(c) The board shall have authority to exercise all reasonable or necessary powers relating to the operation of the plan which are not specifically delegated in the plan to others or reserved to the members.(d) Members of the board shall serve without compensation. However, they may be reimbursed by the plan for expenses incurred by them as board members. Expenses shall be submitted to the board for approval and subsequent payment, provided that the approval of a majority of the full board shall be required for a total reimbursement to an individual member which exceeds $100.[Eff 6/22/81] (Auth: HRS § 435C-2) (Imp: HRS § 435C-6)