Wash. Admin. Code § 284-36-030

Current through Register Vol. 24-23, December 1, 2024
Section 284-36-030 - Election or service as director prohibited

No individual who is an insurance agent of such an insurer shall be elected or serve as a member of the insurer's board of directors if thereby the number of agent-directors of the insurer would exceed one-third (to the nearest whole number) of the total regular membership of the said board. Temporary vacancies on the board of directors resulting from death, disability or resignation of a director, shall not be deemed to reduce such total regular membership.

Wash. Admin. Code § 284-36-030

Order R 75-5, § 284-36-030, filed 10/22/75.