Ch. 365                                            LAWS OF MARYLAND

the Association whose votes shall be weighted in accordance with
the member's premiums written.

(f) Before August 1, 1986, the board of governors shall
submit to the Commissioner, for the Commissioner's review a
proposed program of operation, consistent with the provisions of
this subtitle, that shall:

(1) Provide for economical, fair and

nondiscriminatory administration;

(2)  Provide for the prompt and efficient provision of
commercial casualty insurance coverage; and

(3)  Contain other matters including, but not limited
to:

(i) Preliminary assessment of all members for
initial expenses necessary to commence operations;

(ii) Establishment of necessary facilities;

(iii) Management of the Association;

(iv) Assessment of member insurers to defray
losses and expenses;

(v) Commission arrangements;

(vi) Reasonable and objective underwriting
standards;

(vii) 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.

- 2682 -