HARRY HUGHES, Governor                                       3949

(VII) ACCEPTANCE AND CESSION OF REINSURANCE
AND

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

(G) (1) THE PROGRAM OF OPERATION SHALL:

(I) BE SUBJECT TO APPROVAL BY THE COMMISSIONER,
AFTER CONSULTATION WITH AFFECTED INDIVIDUALS AND ORGANIZATIONS;
AND

(II) TAKE EFFECT 10 DAYS AFTER HAVING BEEN
APPROVED BY THE COMMISSIONER.

(2) (I) IF THE COMMISSIONER DISAPPROVES ALL OR PART
OF THE PROPOSED PROGRAM OF OPERATION, THE BOARD OF GOVERNORS
SHALL WITHIN 30 DAYS SUBMIT TO THE COMMISSIONER FOR REVIEW AN
APPROPRIATELY REVISED PLAN OF OPERATION.

(II) IF THE BOARD OF GOVERNORS FAILS TO SUBMIT
AN INITIAL PLAN OR A REVISED PLAN FOR REVIEW IN A TIMELY MANNER,
THE COMMISSIONER SHALL PROMULGATE A PROGRAM OF OPERATION.

(H) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, THE
ASSOCIATION MAY, WITH THE APPROVAL OF THE COMMISSIONER OR AT THE
REQUEST OF THE COMMISSIONER, AMEND THE PROGRAM OF OPERATION.

(2) (I) AMENDMENTS TO THE PROGRAM OF OPERATION MUST
BE VOTED ON AND APPROVED BY THE MEMBER INSURERS OF THE
ASSOCIATION.

(II) VOTES SHALL BE CAST AND COUNTED ON A
WEIGHTED BASIS IN ACCORDANCE WITH THE PREMIUMS WRITTEN OF EACH
MEMBER INSURER.

(III) UNDER THIS PARAGRAPH, AN AMENDMENT OF THE
PROGRAM OF OPERATION SHALL NOT BECOME EFFECTIVE UNTIL APPROVED BY
AT LEAST A MAJORITY OF THE VOTES CAST ON SUCH WEIGHTED BASIS.

(3) AFTER NOTICE AND OPPORTUNITY TO BE HEARD TO THE
ASSOCIATION, THE COMMISSIONER MAY AMEND THE PROGRAM OF OPERATION
UNDER THIS SUBTITLE.

(I) (1) THE ASSOCIATION SHALL DETERMINE THE PREMIUMS TO BE
CHARGED ON POLICIES ISSUED BY THE ASSOCIATION, SUBJECT TO THE
APPROVAL OF THE COMMISSIONER.

(2) THE PROVISIONS OF § 242 OF THIS ARTICLE SHALL
APPLY TO ANY DETERMINATION OF PREMIUMS MADE UNDER THIS
SUBSECTION.

(J) (1) IF, IN THE JUDGMENT OF BOARD OF GOVERNORS, THE
AFFAIRS OF THE ASSOCIATION MAY BE ADMINISTERED SUITABLY AND
EFFICIENTLY, THE ASSOCIATION MAY ENTER INTO A CONTRACT WHEREBY