| | | E.__Submit regular reports to the board regarding the | | operation of the plan.__The frequency, content and form of | | the reports must be as determined by the board; |
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| | | F.__Following the close of each calendar year, determine net | | premiums, reinsurance premiums less an administrative | | expense allowance, the expense of administration pertaining | | to the reinsurance operations of the association and the | | incurred losses of the year and report this information to | | the superintendent; and |
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| | | G.__Pay claims expenses from the premium payments received | | from or on behalf of covered persons under the plan.__If the | | payments by the plan administrator for claims expenses | | exceed the portion of premiums allocated by the board for | | payment of claims expenses, the board shall provide the plan | | administrator with additional funds for payment of claims | | expenses. |
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| | | 4.__Payment to plan administrator.__A plan administrator | | selected pursuant to subsection 1 must be paid, as provided in | | the contract of the association, for its direct and indirect | | expenses incurred in the performance of its services. As used in | | this subsection, "direct and indirect expenses" includes that | | portion of the audited administrative costs, printing expenses, | | claims administration expenses, management expenses, building | | overhead expenses and other actual operating and administrative | | expenses of the plan administrator that are approved by the board | | as allocable to the administration of the plan and included in | | the bid specifications. |
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| | | §3907.__Assessments against insurers |
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| | | 1.__Assessments.__For the purpose of providing the funds | | necessary to carry out the powers and duties of the association, | | the board shall assess member insurers on a calendar-year basis | | and establish the assessment no later than November 1st in the | | year preceding the calendar year for which the insurer's | | experience will be used to calculate the assessment.__The | | assessment must be anticipated to be sufficient to meet the | | funding needs of the association. |
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| | | 2.__Regular assessment; initial assessment.__The association | | must establish a regular assessment based on the number of | | covered persons times a specified assessment rate.__The board | | shall submit the regular assessment rate to the superintendent | | for approval and specify the basis for the rate.__The | | superintendent shall approve the rate if the superintendent finds | | that the amount is required to fulfill the purposes of the |
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