LD 1698
pg. 10
Page 9 of 22 An Act To Join the Interstate Insurance Product Regulation Compact Page 11 of 22
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LR 2485
Item 1

 
C.__The commission shall elect annually its officers from
the management committee, with each having such authority
and duties, as specified in the bylaws.

 
D.__The management committee may, subject to the approval of
the commission, appoint or retain an executive director for
such period, upon such terms and conditions and for such
compensation as the commission determines appropriate. The
executive director shall serve as secretary to the
commission, but may not be a member of the commission. The
executive director shall hire and supervise such other staff
as may be authorized by the commission.

 
6.__Legislative committee.__A legislative committee of state
legislators or their designees is established to monitor the
operations of, and make recommendations to, the commission,
including the management committee.__The manner of selection and
term of any legislative committee member is set by the bylaws.__
Prior to the adoption by the commission of any uniform standard,
revision to the bylaws, annual budget or other significant matter
as may be provided in the bylaws, the management committee shall
consult with and report to the legislative committee.

 
7.__Advisory committees.__The commission shall establish 2
advisory committees, one composed of consumer representatives
independent of the insurance industry and the other composed of
insurance industry representatives.

 
8.__Additional advisory committees.__The commission may
establish advisory committees in addition to those described in
subsection 7 as its bylaws may provide for the carrying out of
its functions.

 
9.__Corporate records of the commission.__The commission shall
maintain its corporate books and records in accordance with the
bylaws.

 
10.__Qualified immunity, defense and indemnification.__The
members, officers, executive director, employees and
representatives of the commission are immune from suit and
liability, either personally or in their official capacity, for
any claim for damage to or loss of property or personal injury or
other civil liability caused by or arising out of any actual or
alleged act, error or omission that occurred, or that the person
against whom the claim is made had a reasonable basis for
believing occurred, within the scope of commission employment,
duties or responsibilities.__Nothing in this subsection may be
construed to protect any person from suit or liability for any
damage, loss, injury or liability caused by the intentional or
willful and wanton misconduct of that person.


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