The Board of Directors elects the Society’s operating officers and other members of the Executive Committee. It has supervision, control and direction of the general policies and affairs of the Society, its committees and publications, and actively promotes its objectives. The Board of Directors adopts motions and regulations for the conduct of the Society and it may grant or delegate any or all of its authority to the Executive Committee to act on its behalf in the interim between meetings of the Board of Directors.
The Board of Directors consists of up to twenty-four (24) members elected by the general membership of the Society to serve four year terms. In addition, up to three (3) at-large Directorships may be appointed by the Board of Directors to serve one year terms.
No state, the Federal government, or the NAIC can have more than two (2) members on the Board of Directors at any one time. In addition, no more than ten (10) unaffiliated members are permitted to serve on the Board of Directors at any one time, with no more than two (2) from the same firm.