- A. The Self-insurance Guaranty Fund shall be administered, supervised and protected by the Self-insurance Guaranty Fund Board. All self-insurers under this act shall participate in the fund as a condition of authority to self-insure in this state.
B.
- 1. The Self-insurance Guaranty Fund Board shall consist of the commissioners and two additional members to be appointed by the Governor.
- 2. The term of office for the two Governor appointees shall be three (3) years, with the term of the initial appointees expiring on November 1, 2014.
- 3. The chair and vice-chair of the Board shall be elected by the Board from among its members.
- 4. Members of the Board shall not receive compensation for serving on the Board but shall be reimbursed from monies in the fund for their necessary travel expenses incurred in the performance of their duties in accordance with the State Travel Reimbursement Act.
- C. Meetings of the Board shall be held at least quarterly. The presence of a majority of the members constitutes a quorum. No action shall be taken by the Board without the affirmative vote of at least a majority of the members.
- D. The Office of the Attorney General shall provide legal counsel to assist the Board in the performance of its duties.
- E. No member or personnel of the Self-insurance Guaranty Fund Board, the Workers' Compensation commissioners or any employee of the Workers' Compensation Commission shall be liable in a civil proceeding for any act performed in good faith in the execution of that person's powers or duties pursuant to Sections 97 through 101 of the Administrative Workers' Compensation Act.
Laws 2013, SB 1062, c. 208, § 96, eff. February 1, 2014.