B.__Appoint the members of the governing committee in accordance with subsection 5;

C.__Order the governing committee to develop a proposed plan of operation for the program in accordance with subsection 6, including a deadline for the submission of the plan; and

D.__Initiate rulemaking in accordance with subsection 8.

5.__Governing committee.__The governing committee of the program consists of 8 members as follows:

A.__Five members appointed by the superintendent who are full-time employees of member insurers;

B.__Two members appointed by the superintendent who are licensed producers with property and casualty authority; and

C. The superintendent or the superintendent's designee, who serves as an ex-officio, nonvoting member.

The terms of members of the governing committee and process for filling vacancies must be established in the plan of operation pursuant to subsection 6.

6.__Plan of operation.__The program must be operated by the governing committee established under subsection 5 pursuant to a plan of operation approved by the superintendent.__The governing committee shall develop a plan of operation and submit the plan to the superintendent for approval.__If the superintendent disapproves the proposed plan of operation, the governing committee must, within 30 days, submit for review an appropriately revised plan of operation and, if the governing committee fails to submit such a plan or if the revised plan is also disapproved by the superintendent, the superintendent must develop a plan of operation consistent with this section.__The governing committee may, on its own initiative or at the request of the superintendent, amend the plan of operation with the approval of the superintendent.

The plan of operation must:

A.__Adopt a mechanism for the equitable apportionment of risks under the program, including the equitable distribution among member insurers of applications for basic property and casualty insurance to cover underserved areas