LD 1698
pg. 10
Page 9 of 22 PUBLIC Law Chapter 680 Page 11 of 22
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LR 2485
Item 1

 
(1)__Managing the affairs of the commission in a manner
consistent with the bylaws and purposes of the
commission;

 
(2)__Establishing and overseeing an organizational
structure within and appropriate procedures for the
commission to provide for the creation of uniform
standards and other rules, receipt and review of
product filings, administrative and technical support
functions, review of decisions regarding the
disapproval of a product filing and review of elections
made by a compacting state to opt out of a uniform
standard.__A uniform standard may not be submitted to
the compacting states for adoption unless approved by
2/3 of the members of the management committee;

 
(3)__Overseeing the offices of the commission; and

 
(4)__Planning, implementing and coordinating
communications and activities with other state, federal
and local government organizations in order to advance
the goals of the commission.

 
C.__The commission shall elect annually its officers from
the management committee, with each having such authority
and duties, as specified in the bylaws.

 
D.__The management committee may, subject to the approval of
the commission, appoint or retain an executive director for
such period, upon such terms and conditions and for such
compensation as the commission determines appropriate. The
executive director shall serve as secretary to the
commission, but may not be a member of the commission. The
executive director shall hire and supervise such other staff
as may be authorized by the commission.

 
6.__Legislative committee.__A legislative committee of state
legislators or their designees is established to monitor the
operations of, and make recommendations to, the commission,
including the management committee.__The manner of selection and
term of any legislative committee member is set by the bylaws.__
Prior to the adoption by the commission of any uniform standard,
revision to the bylaws, annual budget or other significant matter
as may be provided in the bylaws, the management committee shall
consult with and report to the legislative committee.

 
7.__Advisory committees.__The commission shall establish 2
advisory committees, one composed of consumer representatives
independent of the insurance industry and the other composed of
insurance industry representatives.


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