26.1-08.1-03. Board of directors. (Repealed effective December 31, 2027)

1. Notwithstanding any other provision of this chapter, to facilitate an efficient cessation of operations, the board: a. May continue to use the lead carrier to fulfill administrative tasks and operations. b. Shall continue to follow the requirements of participating members under section 26.1-08-09. c. May implement a process to assess members based on actual program costs rather than projected program costs.

2. If the board has excess funds after cessation of operations of the association, the funds must be returned by the lead carrier to the insurer assessed under section 26.1-08-09.