58-2-3 Qualifications of director.
Qualifications of director.
The director must have had at least five years of practical
experience in one or more of the types of insurance business subject to regulation by the director,
or have had other professional and business experience reasonably adequate in character and scope
to equip him to discharge the duties and fulfill the responsibilities of the office of director.
Source: SL 1966, ch 111, ch 2, § 3.