19 MAC Pt. 4, R. 3.05

Duties of Governing Committee

Year: 2026Length: 195 wordsOfficial source

Cite as 19 Miss. Admin. Code Pt. 4, R. 3.05

Duties of Governing Committee The Committee shall meet as often as may be required to perform the general duties of administration of the Plan. A majority of the filled voting members’ seats of the Committee shall constitute a quorum. The Committee shall be empowered to appoint a Manager, budget expenses, levy assessments, disburse funds and perform all duties essential to the proper administration of the Plan. Upon request, the Committee shall furnish to any subscribers to the Plan, a written report of operations annually in such form and detail as the Committee may determine. The annual report shall be available on the Plan website. In addition, hardcopies of the report may be available by contacting the Plan. Source: Miss. Code Ann. §63-15-65 (Rev. 2004). Rule 3. Subscriber Participation A. The Plan shall establish a procedure to perform all such policy holder and claim handling services as may be necessary to administer the PAIP. B. The Plan shall distribute CAIP applications to the CAIP servicing carriers for servicing of eligible risks. C. Company groups under the same ownership may elect to be treated as one company to receive assessments, and for PAIP and CAIP participation ratios.
19 MAC Pt. 4, R. 3.05: Duties of Governing Committee | Justis AI