Wash. Admin. Code § 284-87-060 - General powers and duties of the board
(1) Within thirty days after the appointment
of its members by the commissioner, the board must prepare and adopt a plan of
operation and bylaws consistent with this chapter, subject to approval by the
commissioner. In a timely manner thereafter, the board must take all actions
necessary to prepare the association to receive applications and issue
policies, when and if the commissioner activates the association as provided in
WAC 284-87-040. These actions must
include the preparation of all necessary policy forms and rating information to
be filed with the commissioner for approval and all necessary operating manuals
and procedures to be followed.
(2)
The board shall meet as often as may be required to perform the general duties
of the administration of the association or on the call of the commissioner.
Four members of the board shall constitute a quorum as long as at least one of
those present is a licensee board member.
(3) The board may appoint a service company
or companies, who shall serve at the pleasure of the board, to perform any
duties necessary or incidental to the proper administration of the association,
including the hiring of necessary staff.
(4) The board shall annually furnish to the
commissioner a written report of operations. All insurer members of the
association may receive a copy of the report from the association upon
request.
Notes
Statutory Authority: RCW 48.02.060 and 48.87.100. 10-15-014 (Matter No. R 2010-02), § 284-87-060, filed 7/8/10, effective 8/8/10; 94-02-053 (Order R 93-18), § 284-87-060, filed 12/30/93, effective 1/30/94.
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