§3903.__Maine Health Insurance High-risk Pool Association

1.__Association established.__The Maine Health Insurance High- risk Pool Association is established as a nonprofit legal entity.__ As a condition of doing business, an insurer that has sold medical insurance within the previous 12 months or is actively marketing a medical insurance policy in this State must participate in the association.

2.__Board of directors.__The association is governed by a board of directors in accordance with the following.

A.__The board consists of 10 members as follows:

(1)__Four members appointed by the superintendent:__one member chosen from the general public who is not associated with the medical profession, a hospital or an insurer; one member who represents health care providers; one member who represents a statewide organization that represents small businesses and that receives a majority of its funding from small businesses located in this State; and one member who represents producers.__A board member appointed by the superintendent may be removed at any time without cause;

(2)__Five members appointed by the member insurers, at least 2 of whom provide coverage to at least 500 covered lives; and

(3)__The superintendent, who serves as an ex officio member of the board.

B.__Members of the board serve for 3-year terms, except that of those members initially appointed by the superintendent, one member serves for a term of one year, 2 members for a term of 2 years and one member for a term of 3 years, and of those members initially appointed by the member insurers, one member serves for a term of one year, 2 members serve for a term of 2 years and 2 members serve for a term of 3 years.__The appointing authority shall designate the period of service of each initial appointee at the time of appointment.

C.__The board shall elect one of its members as chair.

D.__Board members may be reimbursed from funds of the