North Carolina § 97-134 - Plan of Operation.

§ 97-134. Plan of Operation.

The Plan is as follows: The Board shall adopt a Plan of Operation and any amendments necessary or suitable to assure the fair, reasonable, and equitable administration of the Association. All member self-insurers shall comply with the Plan. The Plan shall: Establish the procedures whereby all the powers and duties of the Association under G.S. 97-133 will be performed. Establish procedures for investing and managing Fund assets. Adopt a reasonable mechanism and procedure to achieve equity in assessing members under G.S. 97-133. Establish the amount and method of reimbursing members of the Board under G.S. 97-132. Establish procedures by which claims may be filed with the Association and establish acceptable forms of proof of covered claims. Establish regular places and times for meetings of the Board. Establish procedures for records to be kept of all financial transactions of the Association, its agents, and the Board. Provide that any member self-insurer aggrieved by any final action or decision of the Association may appeal to the Commissioner within 30 days after the action or decision. Repealed by Session Laws 2011-196, s. 10, effective July 1, 2011. Contain additional provisions necessary or proper for the execution of the powers and duties of the Association. History (1985 (Reg. Sess., 1986), c. 1013, s. 1; 1987, c. 528, s. 11; 2005-400, s. 5; 2011-196, s. 10.) Effect of Amendments. - Session Laws 2005-400, s. 5, effective January 1, 2006, in subdivision (1), inserted "suitable" preceding "Plan or suitable" in the third sentence and substituted "The rules" for "Such rules" at the beginning of the last sentence; substituted "investing and managing Fund assets" for "handling assets of the Association" in subdivision (3)b.; substituted "members under G.S. 97-133" for "the funds required in G.S. 97-133. Consideration shall be given to adjustments for audited payroll, differential effects caused by rate changes, and other relevant factors" in subdivision (3)c.; deleted the former second sentence in subdivision (3)e., which read: "A list of such claims shall be periodically submitted to the Association"; and made minor punctuation and stylistic changes. Session Laws 2011-196, s. 10, effective July 1, 2011, rewrote subdivision (1); and deleted subdivision (3)i., which read: "Establish the procedures whereby selections for the Board shall be submitted to the Commissioner."