(10)__Procedures for the assumption and ceding of reinsurance by the association; and

(11)__Any other procedures or operational matters considered necessary by the governing committee or the superintendent.

4.__FAIR Plan Association.__Pursuant to procedures and requirements set forth in the plan of operation under subsection 3, paragraph C, the FAIR Plan Association shall develop and administer a program for participation by all insurers writing residential property insurance in this State.__The association shall make residential property insurance available to applicants in underserved areas whose property is insurable in accordance with reasonable underwriting standards but who, after diligent efforts, are unable to procure such insurance through the voluntary market as evidenced by 2 declinations from insurers actually writing residential property insurance in the State.

5.__Powers of association; centralized operations authorized.__ The following are the powers and centralized operations of the association.

A.__The association is authorized, for FAIR Plan purposes only, to issue policies of insurance and endorsements to policies of insurance in its own name or a trade name duly adopted for that purpose and to act on behalf of all participating insurers in connection with these policies and otherwise in any manner necessary to accomplish the purposes of this section, including, but not limited to, issuance of policies, collection of premiums, issuance of cancellations and payment of commissions, losses, judgments and expenses.

B.__The participating insurers are liable to the association as provided in this section and the plan of operation for the expenses and liabilities so incurred by the association, and the association shall make assessments against the participating insurers as required to meet such expenses and liabilities.__In connection with any policy issued by the association:

(1)__Service of any notice, proof of loss, legal process or other communication with respect to the policy must be made upon the association; and

(2)__Any action by the insured constituting a claim under the policy may be brought only against the