(a) The Executive Director shall:
- (1) establish and maintain reasonable and adequate reserves for payment of claims against the Fund; and
- (2) use the same criteria as is required for use by an Association member in determining the amount of reserves that are necessary.
- (b) At least annually, the Board of Trustees shall review the reasonableness and adequacy of reserves.
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 243F.