A. The commissioner may create one or more advisory boards consisting of representatives of insurers, insurance producers, consumers of insurance products not otherwise connected with the insurance industry, and other appropriate persons.
B. The commissioner shall appoint the members of any advisory board created pursuant to this Section. The commissioner shall ensure that his appointments demonstrate race, gender, ethnic, and geographical diversity. The commissioner shall promulgate rules and regulations in accordance with the Administrative Procedure Act providing for the creation, governance, duties, and termination of any advisory board created pursuant to this Section.
C. Advisory boards created pursuant to this Section shall advise the commissioner with respect to the availability and affordability of insurance and other matters as the commissioner may submit to the advisory board or commission.
D. The commissioner shall report on the activities of advisory boards created pursuant to this Section as part of the annual report of the department. The commissioner may submit special reports and recommendations to the legislature on behalf of an advisory board created pursuant to this Section.