Nevada Insurance Sec. § 695I.320 Chair and Vice Chair: Election; term; vacancy. 1.The Board shall elect a Chair and a Vice Chair from among its members. 2.The terms of the Chair and Vice Chair are 1 year. 3.The Chair and Vice Chair may be reelected to one or more terms. 4.If a vacancy occurs, the members of the Board shall elect a replacement Chair or Vice Chair, as applicable, for the remainder of the unexpired term.