33-22-2003. Board of directors -- composition -- appointment -- compensation. (1) There is a board of directors of the small business health insurance pool, consisting of seven directors and two nonvoting members serving 3-year staggered terms and appointed in the following manner:
(a) three directors must be appointed by the commissioner, one of whom must be a person who has specialized knowledge regarding health insurance, one of whom must be a consumer representing the small business community, and one of whom must be a consumer representing the public interest;
(b) four directors must be appointed by the governor, one of whom must be a management-level individual with knowledge of state employee health benefit plans, one of whom must be a management-level individual with knowledge of medicaid services, one of whom must be a consumer representing the public interest, and one of whom must be a consumer representing the small business community.
(2) Each director is entitled to one vote on the board.
(3) The commissioner and the governor shall each appoint a representative from their respective staffs to participate in all board meetings as nonvoting members.
(4) The directors must be compensated and receive travel expenses in the same manner as members of the quasi-judicial boards under 2-15-124(7). The costs of conducting the meetings of the purchasing pool and the compensation for its board of directors must be borne by the purchasing pool.
(5) A board director or member must be replaced in the same manner as the original appointment if that board member is not actively participating in the affairs of the board.