# W. Va. Code § 33-26A-7: Board of directors; members; vacancies; voting rights; appointment and reimbursement

> West Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S7

## Section

- **Citation:** W. Va. Code § 33-26A-7
- **Heading:** Board of directors; members; vacancies; voting rights; appointment and reimbursement
- **Jurisdiction:** West Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** WV Code / Chapter 33 / Article 26A / Section 7

## Text

(a) The board of directors of the association shall consist of not less than seven nor more than 11 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.

(b) 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.

(c) In approving selections or in appointing members to the board, the commissioner shall consider, among other things, whether all member insurers are fairly represented.

(d) 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 shall not otherwise be compensated by the association for their services.

## Nearby sections

- [W. Va. Code § 33-26A-1 §33-26A-1. Short title.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S1.md)
- [W. Va. Code § 33-26A-2 §33-26A-2. Purpose of article and association of insurers.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S2.md)
- [W. Va. Code § 33-26A-3 §33-26A-3. Scope of article; policies and contracts covered; exclusions; extent of liability.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S3.md)
- [W. Va. Code § 33-26A-4 §33-26A-4. Construction of article.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S4.md)
- [W. Va. Code § 33-26A-5 §33-26A-5. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S5.md)
- [W. Va. Code § 33-26A-6 §33-26A-6. Creation of association; required accounts; supervision of commissioner; meetings and records.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S6.md)
- [W. Va. Code § 33-26A-7 §33-26A-7. Board of directors; members; vacancies; voting rights; appointment and reimbursement.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S7.md)
- [W. Va. Code § 33-26A-8 §33-26A-8. Powers and duties of association.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S8.md)
- [W. Va. Code § 33-26A-9 §33-26A-9. Assessments.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S9.md)
- [W. Va. Code § 33-26A-10 §33-26A-10. Plan of operation.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S10.md)
- [W. Va. Code § 33-26A-11 §33-26A-11. Duties and powers of commissioner of insurance.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S11.md)
- [W. Va. Code § 33-26A-12 §33-26A-12. Prevention of insolvencies; duties of commissioner; coordination with board of directors; duties of the board of directors; requested examinations; procedures and reports.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S12.md)
- [W. Va. Code § 33-26A-13 §33-26A-13. Appointment of special deputy.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S13.md)
- [W. Va. Code § 33-26A-14 §33-26A-14. Miscellaneous provisions.](https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_WV_C33_A26A_S7. Check the current official text before relying on it. Not legal advice.