(a) From among its members, the Commission annually shall elect a chairman.
(b) (1) The term of the chairman is 1 year.
(2) At the end of a term, the chairman may be reelected.
(c) The chairman shall perform the duties that this title and the Commission require.
(d) While in office, the chairman shall be covered by a surety bond or an insurance policy of the type and in the amount of coverage determined by the State Treasurer under § 5-108 of the State Government Article.