Each fund created pursuant to this article shall be operated by a board of trustees chosen by the mutual agreement of the participating members of such fund in accordance with this article and with the bylaws of the fund. The appointment of any trustee shall be subject to the approval of the Commissioner.
(Code 1933, § 114-608a, enacted by Ga. L. 1980, p. 1686, § 1; Ga. L. 1981, p. 1759, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 44A Am. Jur. 2d, Insurance, § 1828 et seq.
C.J.S.- 44 C.J.S., Insurance, §§ 105, 108.