(g)__Establish procedures for records to be kept of all financial transactions of the account, its agents and the board of directors;

(h)__Establish procedures for withdrawal from the account by a group self-insurer member, which must, at a minimum, require 90 days' notice from the withdrawing group self-insurer member to the board of directors and the Superintendent of Insurance;

(i)__Establish, subject to approval by the Superintendent of Insurance, a minimum level of funding to be achieved by the account; and

(j)__Contain additional provisions necessary or proper for the execution of the powers and duties of the board of directors and the ability of the account to meet its obligations.

C.__The bylaws of an account established pursuant to this subsection must establish the powers and duties of the board of directors of an account and must include the authority:

(1)__To administer a group self-insurance specific reinsurance account fund, to be known in this subsection as "a fund," which must receive payments from participating group self-insurer members of the account as required by paragraph A.__The costs of administration by the board of directors and expenses of the account must be borne by the fund;

(2)__In its discretion, to secure reinsurance for the fund's exposure and to otherwise invest the assets of the fund to effectuate the purpose of the account, subject to the approval of the Superintendent of Insurance;

(3)__To accept or reject applications of group self- insurers to be underwritten by the account, subject to the approval of the Superintendent of Insurance;

(4)__To accept or reject applications of a group self- insurer member to self-insure any exposure for one occurrence at a level other than $500,000, subject to: