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commission.__Notwithstanding any civil service or similar laws | | of any compacting state, the bylaws exclusively govern the | | personnel policies and programs of the commission; |
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| | | G.__Promulgating a code of ethics to address permissible and | | prohibited activities of commission members and employees; | | and |
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| | | H.__Providing a mechanism for winding up the operations of | | the commission and the equitable disposition of any surplus | | funds that might exist after the termination of the compact | | after the payment or reserving of all of its debts and | | obligations. |
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| | | 4.__File bylaws with compacting states.__The commission shall | | publish its bylaws in a convenient form and file a copy of the | | bylaws and a copy of any amendment to the bylaws with the | | appropriate agency or officer in each of the compacting states. |
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| | | 5.__Management committee.__The commission shall establish a | | management committee. |
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| | | A.__The management committee consists of no more than 14 | | members as follows: |
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| | | (1)__One member from each of the 6 compacting states | | with the largest premium volume for individual and | | group annuities and life, disability income and long- | | term care insurance products, determined from the | | records of the National Association of Insurance | | Commissioners for the prior year; |
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| | | (2)__Four members from those compacting states with at | | least 2% of the market based on the premium volume | | described in subparagraph (1) other than the 6 | | compacting states with the largest premium volume, | | selected on a rotating basis as provided in the bylaws; | | and |
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| | | (3)__Four members from those compacting states with | | less than 2% of the market based on the premium volume | | described in subparagraph (1) with one selected from | | each of the 4 zone regions of the National Association | | of Insurance Commissioners as provided in the bylaws. |
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| | | B.__The management committee has such authority and duties | | as may be set forth in the bylaws, including, but not | | limited to: |
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