(1) The annual meeting must be held in the first quarter of the fiscal year.

(2) Meeting dates for the next calendar year must be approved by the board at its annual meeting, and there must be at least one meeting scheduled for each quarter.

(3) Special meetings may be called by the chairperson or at the written request of two directors, or at the written request of either the governor or the commissioner. The reason for the special meeting shall be stated in the call.

(4) The agenda for board meetings must be mailed, faxed or e-mailed to directors and other interested parties at least five days prior to each meeting.