(a) There is hereby established a Public Elementary and Secondary School Insurance Program and Public School Motor Vehicle Insurance Program Advisory Committee, consisting of five (5) members as follows:
(1) The Chair and Vice Chair of the Senate Committee on Insurance and Commerce;
(2) The Chair and Vice Chair of the House Committee on Insurance and Commerce; and
(3) The Director of the Department of Finance and Administration or his or her designee.
(b) The committee shall meet at such times and places as it shall deem necessary for the purpose of carrying out its duties under the provisions of this subchapter.
(c) The committee shall select one (1) of its members as chair and such other officers as may be deemed necessary for transaction of business.
(d) A majority of the members of the committee shall constitute a quorum for the purpose of transacting business.
(e) All action of the committee shall be by a majority vote of the full membership of the committee.
(f) Members shall serve without pay but may receive expense reimbursement in accordance with § 25-16-901 et seq.
(g) The committee shall periodically review the status of the Public School Insurance Trust Fund.
(h) The committee shall perform such other duties in an advisory capacity to the State Insurance Department as will expedite the operation of the programs.
(i) All proposed procedures, guidelines, and other recommendations pertaining to the programs recommended by the committee under this subchapter shall be advisory to the State Insurance Department.
History. Acts 1991, No. 824, § 7; 1997, No. 250, § 18; 1999, No. 391, § 21; 2003 (2nd Ex. Sess.), No. 78, § 25; 2005, No. 171, § 1; 2007, No. 738, § 7.
Amendments. The 2005 amendment substituted “There is” for “There are” in (a); substituted “Vice Chair” for “Cochair” in (a)(1) and (a)(2); and added “or his or her designee” in (a)(3).
The 2007 amendment substituted “Public School Insurance Trust Fund” for “Public Elementary and Secondary School Insurance Fund and the School Vehicle Insurance Reserve Trust Fund” in (g).
Cross References. Public School Insurance Trust Fund, § 19-5-1134.