(a) The association's powers are exercised through a board of directors consisting of nine individuals appointed by the commissioner.
(b) Three board members must be officers or employees of title insurance companies. Two board members must be officers or employees of agents. Four board members must be public representatives.
(c) Board members other than public representatives shall be chosen to give fair representation to all title insurance companies and agents, considering the following categories:
(1) premium income;
(2) geographical location; and
(3) segments of the industry represented in this state.