Section 1215. Forfeiture of office by director or trustee of a domestic mutual insurer

The office of a trustee  or  director  of  any  domestic  mutual  insurer  shall  immediately  become  vacant whenever he fails to
  attend at least  one  regular  meeting  of  the  board  of  trustees  or
  directors  in  any  period  of  eighteen  consecutive  months, or unless
  excused by the board, which action shall be entered on the  minutes,  it
  shall appear at the end of any calendar year that he failed to attend at
  least  one-half  of  such regular meetings held in such calendar year. A
  trustee or director whose office becomes so vacant shall not be eligible
  for election to such office until one year has elapsed from the date the
  vacancy occurred.