(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.
Section: Previous 21.69.270 21.69.280 21.69.290 21.69.300 21.69.310 21.69.320 21.69.330 21.69.340 21.69.350 21.69.360 21.69.370 21.69.380 21.69.390 21.69.400 21.69.410 NextLast modified: November 15, 2016