15 U.S. Code § 6757 - Officers

(a) In general
(1) Positions
The officers of the Association shall consist of a chairperson and a vice chairperson of the Board, a president, secretary, and treasurer of the Association, and such other officers and assistant officers as may be deemed necessary.
(2) Manner of selection
Each officer of the Board and the Association shall be elected or appointed at such time and in such manner and for such terms not exceeding 3 years as may be prescribed in the bylaws of the Association.
(b) Criteria for chairperson
Only individuals who are members of the NAIC shall be eligible to serve as the chairperson of the board of directors.

Source

(Pub. L. 106–102, title III, § 327,Nov. 12, 1999, 113 Stat. 1427.)

 

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