The Board of Selectmen shall appoint an Insurance
Advisory Board consisting of five members. All members shall be appointed
for four-year terms, except that of those such members first appointed
under the provisions of this article, three shall be appointed for
four-year terms and two shall be appointed for two-year terms. Biennially
thereafter, the Board of Selectmen shall appoint, in the manner provided
herein, four or five members, depending on the number of members whose
terms then expire. Members shall have expertise in the fields of life,
health, property, casualty and liability insurance. The Finance Officer
shall serve as an ex officio member of the Board, and the Board of
Selectmen and the Board of Education shall each designate one of its
members to be its liaison to this Board. Such liaison member shall
be entitled to participate in all discussions but shall not be counted
for quorum purposes nor be entitled to vote. Said Board shall provide
advice and assistance to the Board of Selectmen, Finance Officer,
the agents of record and Town boards and commissions in the management
of the Town's insurance program.
The terms of those persons previously appointed
by the Boards of Selectmen and Education from their membership to
be their representatives shall terminate upon the effective date hereof,
and they shall become the liaison members until their successors are
appointed and qualified.