PARRIS N. GLENDENING, Governor

Ch. 11

(3)      ESTABLISH THE AMOUNTS TO BE REIMBURSED AND THE METHOD
OF REIMBURSING MEMBERS OF THE BOARD OF DIRECTORS UNDER § 9-305 OF THIS
SUBTITLE;

(4)      ESTABLISH PROCEDURES FOR FILING CLAIMS WITH THE
CORPORATION;

(5)      ESTABLISH ACCEPTABLE FORMS OF PROOF OF COVERED CLAIMS;

(6)      ESTABLISH REGULAR PLACES AND TIMES FOR MEETINGS OF THE
BOARD OF DIRECTORS;

(7)      ESTABLISH PROCEDURES FOR KEEPING RECORDS OF THE
FINANCIAL TRANSACTIONS OF THE CORPORATION, ITS AGENTS, AND THE BOARD OF
DIRECTORS;

(8)      PROVIDE THAT A MEMBER INSURER THAT IS AGGRIEVED BY A
FINAL ACTION OR DECISION OF THE CORPORATION MAY APPEAL TO THE
COMMISSIONER WITHIN 30 DAYS AFTER THE ACTION OR DECISION; AND

(9)      CONTAIN ANY ADDITIONAL PROVISIONS NECESSARY OR PROPER TO
PERFORM THE POWERS AND DUTIES OF THE CORPORATION.

(D)     NOTICE OF CLAIMS.

(1)      NOTICE OF A CLAIM TO THE RECEIVER OR LIQUIDATOR OF AN
INSOLVENT INSURER SHALL BE DEEMED NOTICE TO THE CORPORATION OR ITS
AGENT.

(2)      THE RECEIVER OR LIQUIDATOR PERIODICALLY SHALL SUBMIT TO
THE CORPORATION A LIST OF CLAIMS OF WHICH THE RECEIVER OR LIQUIDATOR
HAS RECEIVED NOTICE.

(E)     DELEGATION OF POWERS AND DUTIES.

(1)      THE PLAN OF OPERATION MAY PROVIDE THAT ANY OR ALL OF THE
POWERS AND DUTIES OF THE CORPORATION, EXCEPT THOSE UNDER § 9-306(D) AND
(F)(2) OF THIS SUBTITLE, MAY BE DELEGATED TO A PERSON THAT PERFORMS OR
WILL PERFORM FUNCTIONS SIMILAR TO THOSE OF THE CORPORATION OR ITS
EQUIVALENT.

(2)      A PERSON TO WHICH POWERS AND DUTIES ARE DELEGATED UNDER
THE PLAN OF OPERATION SHALL BE:

(I)       REIMBURSED AS A SERVICING FACILITY WOULD BE
REIMBURSED; AND

(II)     PAID FOR ITS PERFORMANCE OF THE FUNCTIONS OF THE
CORPORATION.

(3)      A DELEGATION UNDER THIS SUBSECTION MAY:

(I) TAKE EFFECT ONLY WITH THE APPROVAL OF THE BOARD OF
DIRECTORS AND COMMISSIONER; AND

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