# Mont. Code Ann. § 33-10-204: 33-10-204 Board of directors -- commissioner approval -- compensation

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-204

## Section

- **Citation:** Mont. Code Ann. § 33-10-204
- **Heading:** 33-10-204 Board of directors -- commissioner approval -- compensation
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 10 / Part 2 / Section 33-10-204

## Text

33-10-204 . Board of directors -- commissioner approval -- compensation. (1) The board of directors of the association consists of not less than seven or more than nine members serving terms as established in the plan of operation. Two of the members must be appointed from the public at large by the commissioner. The other members of the board must be selected by member insurers subject to the approval of the commissioner. Vacancies on the board must be filled for the remaining period of the term in the manner described in the plan of operation. In approving selections or in appointing members to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.

(2) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors, but members of the board may not otherwise be compensated by the association for their services. However, any designated representatives of members of the board who are not full-time employees of the member insurers that designated them may receive reasonable compensation for their services on the board of directors upon annual approval by the members of the association.

## Nearby sections

- [Mont. Code Ann. § 33-10-201 33-10-201 Short title, purpose, and construction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-201.md)
- [Mont. Code Ann. § 33-10-202 33-10-202 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-202.md)
- [Mont. Code Ann. § 33-10-203 33-10-203 Creation of association -- accounts -- supervision by commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-203.md)
- [Mont. Code Ann. § 33-10-204 33-10-204 Board of directors -- commissioner approval -- compensation](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-204.md)
- [Mont. Code Ann. § 33-10-205 33-10-205 Powers and duties of association](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-205.md)
- [Mont. Code Ann. § 33-10-206 33-10-206 Records of meetings and negotiations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-206.md)
- [Mont. Code Ann. § 33-10-207 33-10-207 Immunity](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-207.md)
- [Mont. Code Ann. § 33-10-208 33-10-208 Tax exemptions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-208.md)
- [Mont. Code Ann. § 33-10-209 33-10-209 Examination of the association -- annual report](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-209.md)
- [Mont. Code Ann. § 33-10-210 33-10-210 Unfair trade practice -- notice to policyowners](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-210.md)
- [Mont. Code Ann. § 33-10-215 33-10-215 Duties and powers of commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-215.md)
- [Mont. Code Ann. § 33-10-216 33-10-216 Plan of operation -- delegation of powers provision](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-216.md)
- [Mont. Code Ann. § 33-10-217 33-10-217 Prevention of insolvencies or impairments](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-217.md)
- [Mont. Code Ann. § 33-10-218 33-10-218 Examination by commissioner -- cost](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-218.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-204. Check the current official text before relying on it. Not legal advice.