In companies organized under this chapter, the number of directors shall be not less than three. A majority of the board of directors shall be a quorum for the transaction of business. No person shall be or act as a director of the insurer who does not have currently effective insurance in force in the insurer.
Section: Previous 33-16-1 33-16-2 33-16-3 33-16-4 33-16-5 33-16-6 33-16-7 33-16-8 33-16-9 33-16-10 33-16-11 33-16-12 33-16-13 33-16-14 33-16-15 NextLast modified: October 14, 2016