Bo ar d  of  Di r ec t o r s   4.1.   T he  b oa r d s h al l  c on s i s t  of  th at n um be r  of  di r ec tors , b ei ng   a m i ni m u m  o f  s ev en   ( 7) and   a m ax i m u m  of  ten  ( 10 ) ,  as  i s   f i x ed   b y   the   di r ec tors  f r o m  ti m e t o t i m e.   4.2.   T he  p ers on  a pp o i nt ed  f r om  ti m e t o t i m e b y  th e B oa r d t o s erv e a s   t he  pres i de nt  an d c h i ef  ex ec ut i v e of f i c er of  th e Com pa n y  s ha l l , b y   v i r tu e o f  ho l d i ng  th a t o f f i c e, be  a di r ec tor.     4.3.   T he  ot he r  d i r ec tors  s ha l l   be  e l ec te d f or a te r m  of  th r ee   y e ars  i n   r ota t i o n, wi th o ne- thi r d (or  as  c l os e  to  one- th i r d a s   i s  m ath em ati c al l y   po s s i b l e) of  th e  to t al   nu m be r  of  di r ec tors  to  be  e l ec ted  f or a p erio d o f   three y ea r s  a t e v er y  A nn u al   G en era l  M ee t i ng   to f i l l  th e pl ac es  of  th e reti r i ng  di r ec tors .     4.4 . R eti r i ng   di r ec t ors  s h al l ,  i f  ot he r wi s e q ua l i f i ed ,  be   el i gi bl e f or r e - el ec t i on .     4.5.   N om i na ti o n. A n y  e l i gi b l e p o l i c y ho l de r  m a y  b e n om i na te d f or el ec t i on  as  a di r e c tor b y   w r i tte n no m i na ti o n s i g ne d  b y   thre e   oth er po l i c y h o l de r s   w h o a r e q u al i f i ed  t o v ote  f i l ed   at t h e He a d Of f i c e o f the   C om pa n y  n o l es s  th an   25  d a y s   i n a dv an c e of  th e m ee ti ng  at   whi c h   di r ec t ors  are to   be  e l ec t ed .    4.5 .1 . T he  B o ard s ha l l  an n ua l l y   ap po i nt a  Nom i na ti on   Com m i tte e c on s i s ti n g o f  at   l ea s t f ou r  m e m be r s , a l l   of  w h om  ne ed  no t  be   di r ec t ors . T he  No m i na ti on  C om m i tte e s ha l l  c on du c t the  f ol l o wi ng   du e  d i l i ge nc e o n   ea c h p ers on   s ee k i ng   el ec t i on  or r e - e l ec t i on   as  a d i r ec t or:   4.5 .2 . C o nf i r m  ea c h p ers on ’ s  qu a l i f i c at i on  to   be  e l ec t e d a s  a di r ec tor;   4.5 .3 . A s s es s   ea c h pe r s on ’ s  pe r s on a l  an d p r of es s i on al  i nt eg r i t y  a nd   c om m i t m en t to  prom ote  th e l on g t erm  i nte r es ts   of  th e C om pa n y , a n d h i s  or h er c o m m i t m en t to  de v ot e a de q u ate  t i m e t o s erv e a s  a  B oa r d m e m be r ;   4.5 .4 . Int erv i e w   ea c h pe r s o n;   4.5 .5 . A nd   pr ov i de  a r e po r t t he r eo n t o the   po l i c y ho l de r s  at  th e A n nu a l   G e ne r a l  M e eti n g p r i or to the  e l ec t i on   of   di r ec tors .   Q u ali f ica t ion  of  Dir ec t o r s   5.1  No person shall be eligible for election or re-election as a director after having attained his 75th birthday. 5.2. Notwithstanding any other provision of the By-laws of the Company, the following persons are not eligible to be elected as a Director of the Company:   a. An Insurance Broker or Insurance Agent associated with the Company,   or anyone having a financial interest in an insurance brokerage or insurance agency associated with the Company; b. A Director, Officer, shareholder, employee or agent of an Insurance Brokerage or Insurance Agency business associated with the Company;   c. An employee of the Company, other than the President and Chief Executive Officer; d. A Director or Officer of another Insurance Company other than an insurance company which is a subsidiary or affiliate of the Company or the Farm Mutual Reinsurance Plan Inc.; e. A spouse, child, parent, parent-in-law or sibling of any of the foregoing.