1.1.................... moves to amend H.F. No. 2356 as follows:
1.2Page 2, after line 23, insert:

1.3    "Sec. 2. Minnesota Statutes 2010, section 79.37, is amended to read:
1.5A board of directors of the reinsurance association is created and is responsible
1.6for the operation of the reinsurance association consistent with the plan of operation
1.7and sections 79.34 to 79.40. The board consists of 13 14 directors. Four directors shall
1.8represent insurers,; two directors shall represent employers,; two directors shall represent
1.9individual self-insurers; one director shall represent group self-insurers; two directors shall
1.10represent employees; the commissioner of management and budget and the executive
1.11director of the state Board of Investment or their designees shall serve as directors; and
1.12one director shall represent the public. Insurer members of the reinsurance association
1.13shall elect the directors who represent insurers; self-insurer members of the reinsurance
1.14association shall elect the directors who represent self-insurers; and the commissioner of
1.15labor and industry shall appoint the remaining directors for the terms authorized in the
1.16plan of operation. Each director is entitled to one vote. Terms of the directors shall be
1.17staggered so that the terms of all the directors do not expire at the same time and so that a
1.18director does not serve a term of more than four years. The board shall select a chair and
1.19other officers it deems appropriate.
1.20A majority of the directors currently holding office constitutes a quorum. Action
1.21may be taken by a majority vote of the directors present.
1.22The board shall take reasonable and prudent action regarding the management of
1.23the reinsurance association including but not limited to determining the entity who shall
1.24manage the daily affairs of the reinsurance association. The board shall report to the
1.25governor of its actions regarding the entity selected to manage the reinsurance association
1.26and the reasons for the selection."
2.1Renumber the sections in sequence and correct the internal references
2.2Amend the title accordingly