# N.J. Stat. § 17B:32A-6: Board of Directors of association

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-6

## Section

- **Citation:** N.J. Stat. § 17B:32A-6
- **Heading:** Board of Directors of association
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 17B / Chapter 32A / Section 32A-6

## Text

6. a. There shall be a board of directors of the association which shall consist of not less than seven nor more than eleven member insurers serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the commissioner. Vacancies on the board shall be filled for the remaining period of the term by a majority vote of the remaining board members, subject to the approval of the commissioner. To select the initial board of directors, and initially organize the association, the commissioner shall give notice to all member insurers of the time and place of the organizational meeting. In determining voting rights at the organizational meeting each member insurer shall be entitled to one vote in person or by proxy. If the board of directors is not selected within 60 days after notice of the organizational meeting, the commissioner may appoint the initial members. b. In approving selections or appointing members to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented. c. Members of the board may be reimbursed from the assets of the association for reasonable expenses incurred by them as members of the board of directors, but members of the board shall not otherwise be compensated by the association for their services. L.1991,c.208,s.6; amended 2022, c.98, s.5.

## Nearby sections

- [N.J. Stat. § 17B:32A-1 Short title](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-1.md)
- [N.J. Stat. § 17B:32A-2 Purpose; protection from hardship.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-2.md)
- [N.J. Stat. § 17B:32A-3 Provision of coverage](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-3.md)
- [N.J. Stat. § 17B:32A-4 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-4.md)
- [N.J. Stat. § 17B:32A-5 New Jersey Life and Health Insurance Guaranty Association created](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-5.md)
- [N.J. Stat. § 17B:32A-6 Board of Directors of association](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-6.md)
- [N.J. Stat. § 17B:32A-7 Powers of the association](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-7.md)
- [N.J. Stat. § 17B:32A-8 Member insurers assessed to provide funding for association](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-8.md)
- [N.J. Stat. § 17B:32A-9 Plan of operation](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-9.md)
- [N.J. Stat. § 17B:32A-10 Additional duties, powers of commissioner](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-10.md)
- [N.J. Stat. § 17B:32A-11 Detection, prevention of insurer insolvencies, impairments](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-11.md)
- [N.J. Stat. § 17B:32A-12 Liabilities of impaired, insolvent insurers](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-12.md)
- [N.J. Stat. § 17B:32A-13 Association subject to examination, regulation](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-13.md)
- [N.J. Stat. § 17B:32A-14 Association exempt from fees, taxes](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T17B_C32A_S32A-6. Check the current official text before relying on it. Not legal advice.