(a) Any person selected for appointment by the commissioner as an advisory board member shall qualify by filing a written acceptance with the commissioner within 15 days after being notified of such selection.

(b) Members shall serve at the pleasure of the commissioner for one term of three years provided, however, that they shall continue to serve until their successors have been duly appointed and qualified; provided further, that they shall be eligible for renomination and reappointment when otherwise qualified; and provided further, that initial appointments of members shall be effective upon qualification and shall terminate at the completion of the three year term.