HARRY HUGHES, Governor

2499

(F) (D) (1) WITHIN 30 DAYS OF THE ISSUANCE OF AN ORDER BY
THE COMMISSIONER UNDER SUBSECTION (A) OF THIS SECTION, THE
ASSOCIATION SHALL SUBMIT TO THE COMMISSIONER A PROPOSED PROGRAM
PLAN OF OPERATION FOR THE POOL SUBPOOL.

(2)  THE PROPOSED PROGRAM PLAN OF OPERATION FOR THE
POOL SUBPOOL SHALL PROVIDE FOR ECONOMICAL, FAIR, AND
NONDISCRIMINATORY ADMINISTRATION OF EACH SUBPOOL AND PROVIDE FOR:

(I) PRELIMINARY ASSESSMENT OF ALL MEMBERS FOR
INITIAL EXPENSES NECESSARY TO COMMENCE OPERATIONS;

(II) ESTABLISHMENT OF NECESSARY FACILITIES;

(III) (I) EXPANDED MANAGEMENT OF THE
ASSOCIATION;

(IV) (II) ASSESSMENT OF MEMBERS TO DEFRAY
LOSSES AND EXPENSES;

(V) (III) COMMISSION ARRANGEMENTS;

(VI) (IV) REASONABLE AND OBJECTIVE UNDERWRITING
STANDARDS;

(VII) (V) ACCEPTANCE AND CESSION OF
REINSURANCE;

(VIII) (VI) PROCEDURES FOR DETERMINING AMOUNTS
OF INSURANCE TO BE PROVIDED;

(IX) (VII) THE TYPES OF INSURANCE TO BE
WRITTEN, WHETHER PRIMARY, EXCESS, OR REINSURANCE; AND

(X) THE ESTABLISHMENT OF A RATE STABILIZATION
FUND AND DIRECT RECOUPMENT FROM POLICYHOLDERS; AND

(XI) (VIII) ANY OTHER AREAS DEEMED APPROPRIATE
BY THE COMMISSIONER.

(3)  THE COMMISSIONER SHALL REVIEW A PROPOSED PROGRAM
PLAN OF OPERATION AND SHALL CONSULT WITH AFFECTED INDIVIDUALS AND
COMMERCIAL ENTITIES.

(4)  A PROPOSED PROGRAM PLAN OF OPERATION SHALL TAKE
EFFECT 10 DAYS AFTER IT HAS BEEN APPROVED BY THE COMMISSIONER.

(5)  (I) IF THE COMMISSIONER DISAPPROVES ALL OR PART
OF A PROPOSED PROGRAM PLAN OF OPERATION, THE ASSOCIATION SHALL
SUBMIT TO THE COMMISSIONER A REVISED PROPOSED PROGRAM PLAN OF
OPERATION WITHIN 30 DAYS AFTER THE COMMISSIONER'S DISAPPROVAL OF
THE ORIGINAL PROGRAM PLAN.

(II) IF AN ASSOCIATION FAILS TO SUBMIT A
REVISED PROPOSED PROGRAM PLAN OF OPERATION IN A TIMELY MANNER,