(a)
(1) The State and Public School Life and Health Insurance Board is created, composed of the following fifteen (15) voting members:
(A) A state employee who is eligible to participate in the State and Public School Life and Health Insurance Program, appointed by the Governor;
(B) Two (2) public school employees, at least one (1) of whom is employed by a rural school district, appointed by the Governor;
(C) The Insurance Commissioner or his or her designee;
(D) The Commissioner of Elementary and Secondary Education or his or her designee;
(E) The Secretary of the Department of Finance and Administration or his or her designee;
(F) Three (3) members who are engaged in employee benefits management or risk management, at least one (1) of whom is a licensed healthcare provider, appointed by the Governor;
(G) Two (2) members, one (1) of whom is a retired public school employee and one (1) of whom is a retired state employee, appointed by the Governor;
(H) One (1) public school employee who is employed by a school district as an administrator, appointed by the Governor;
(I) The Director of the Arkansas State Board of Pharmacy or his or her state employee pharmacist designee;
(J) The Director of Health Facility Services of the Department of Health or his or her designee; and
(K) One (1) member who is a member of the Arkansas Medical, Dental, and Pharmaceutical Association, appointed by the Governor.
(2) All appointments made by the Governor are subject to confirmation by the Senate.
(3) An appointee who has a conflict of interest is disqualified to serve on the board.
(b)
(1) Members appointed by the Governor shall be appointed for terms of four (4) years but may be reappointed for additional terms.
(2)
(A) A vacancy in a position appointed by the Governor shall be filled by appointment by the Governor for the unexpired term.
(B) Members appointed by the Governor shall serve at the will of the Governor.
(c) A chair and vice chair of the board shall be selected annually by and from the membership of the board and shall serve no more than two (2) years.