An Act To Promote Further Stability within the Workers' Compensation System by Extending the Number of Terms That May Be Served on the Maine Employers' Mutual Insurance Company Board of Directors
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §3703, sub-§6, as amended by PL 1999, c. 120, §1, 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 3 4 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 increases the number of consecutive full terms an individual may serve on the Maine Employers' Mutual Insurance Company board of directors, except for the president and chief executive officer.