The plan of operation submitted and adopted under section 8 of this chapter must do the following:

1. (1) Establish procedures for the handling and accounting of program assets and money.
2. (2) Provide for an annual fiscal report to the commissioner.
3. (3) Establish procedures for selecting an insurer to administer the program.

4. (4) Establish the powers and duties of the administering insurer, including:

   1. (A) notifying all members regarding annual assessments; and
   2. (B) collecting of assessments.
5. (5) Establish procedures for reinsuring risks under this chapter.
6. (6) Establish procedures for collecting assessments from reinsuring carriers to fund claims and administrative expenses that are incurred or estimated to be incurred by the program.
7. (7) Establish a methodology for applying the dollar thresholds contained in this chapter in the case of small employer insurers that pay or reimburse health care providers through capitation or salary.
8. (8) Provide for any additional matters necessary for the implementation and administration of the program.

As added by P.L.193-1996, SEC.1.