(a) (1) The Board consists of five members, appointed by the Governor with the advice and consent of the Senate.
(2) Of the five members of the Board:
(i) two shall have substantial experience as officers or employees of a property and casualty insurance company;
(ii) one shall have substantial experience in the field of accounting or finance;
(iii) one shall be a policyholder of workers’ compensation insurance issued in the State; and
(iv) one shall represent the general public.
(b) Before taking office, each appointee to the Board shall take the oath required by Article I, § 9 of the Maryland Constitution.
(c) (1) The term of a member is 4 years.
(2) At the end of a term, a member continues to serve until a successor is appointed and qualifies.
(3) A member who is appointed after a term has begun serves only for the rest of the term and until a successor is appointed and qualifies.
(d) The Governor may remove a member for incompetence or misconduct.