Sec. 1. 24-A MRSA §3703, sub-§6, as amended by PL 1997, c. 661, §6, is further amended to read:

6. Terms. A full term on the board of directors is 3 years. An individual may not serve more than 2 3 consecutive full terms as a director, except for the president and chief executive officer. All members shall serve for the terms provided and until their successors are appointed or elected and qualified.

SUMMARY

This bill allows members of the Board of Directors of the Maine Employers' Mutual Insurance Company to serve 3 full terms instead of 2 full terms.