Ch. 365                                        LAWS OF MARYLAND

(vi) Procedures for determining amounts of
Insurance to be provided;

(vii) The types of insurance to be written,
whether primary, excess, or reinsurance; and

(viii) Any other areas deemed appropriate by
the Commissioner.

(3) The Commissioner shall review a proposed plan of
operation and shall consult with affected individuals and
commercial entities.

(4)  A proposed 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 plan of operation, the Association shall submit to
the Commissioner a revised proposed plan of operation within 30
days after the Commissioner's disapproval of the original plan.

(ii) If an Association fails to submit a
revised proposed plan of operation in a timely manner, the
Commissioner shall promulgate a plan of operation for the
subpool.

(6)  Upon approval of a plan of operation for a
subpool by the Commissioner, the Association shall issue
insurance policies and assume or cede reinsurance on risks in
conformity with the plan.

(7) (i) Subject to the provisions of this paragraph,
with the approval of the Commissioner., the Association may amend
a plan of operation.

(ii) Amendments to the plan of operation must

be voted on and approved by member insurers. Votes shall be cast

and counted on a weighted basis in accordance with the premiums
written of each member insurer.

(iii) An amendment to the plan of operation

may not become effective until approved by at least a majority of
the votes cast on a weighted basis.

(iv) After notice and an opportunity to be
heard to the Association, the Commissioner may amend the plan of
operation under the provisions of this article.

603.

(a) (1) The Commissioner may review the operations of the
Association.

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