(a) The association is governed by a board of directors composed of the following nine members:
(1) five representatives of insurers that are required to be association members, elected by association members;
(2) one physician, appointed by the Texas Medical Association or a successor to that association;
(3) one representative of hospitals, appointed by the Texas Hospital Association or a successor to that association; and
(4) two public members, appointed by the commissioner.
(b) The board members serve one-year terms beginning on October 1 of each year.