Ins 4.10(5)(d) (d) Subject to the approval of the commissioner, the governing committee may charge a reasonable annual membership fee.

Ins 4.10(6) (6) Administration.

Ins 4.10(6)(a) (a) The Plan shall be administered by the governing committee, subject to the supervision of the commissioner, and operated by a manager appointed by the governing committee.

Ins 4.10(6)(b) (b) The governing committee shall consist of 11 members, each of whom shall serve for a period of one year or until a successor is elected or designated. Each shall have one vote.

Ins 4.10(6)(b)1. 1. Four members shall be nominated by national and state associations that represent property and casualty insurers. If more than four members are nominated, the commissioner shall designate the four members from the list of nominations.

Ins 4.10(6)(b)2. 2. All other insurers not members of the associations in subd. 1 shall elect one member by weighted votes based on each insurer’s weighted premiums written.

Ins 4.10(6)(b)3. 3. The commissioner shall appoint members to represent:
stock agents—one member
mutual agents—one member
consumers and other persons not affiliated in any way with the insurance industry—4 members

Ins 4.10(6)(b)4. 4. Not more than one insurer in a group under the same management or ownership shall serve on the governing committee at the same time. Nominees for individuals to serve as consumer members and as representatives of other persons not affiliated in any way with the insurance industry shall be sought from community groups, local agencies, and from other members of the governing committee.

Ins 4.10(7) (7) Duties of the governing committee.

Ins 4.10(7)(a) (a) The governing committee shall meet as often as may be required to perform the general duties of the administration of the Plan or on the call of the commissioner. Six members of the committee present or by proxy shall constitute a quorum. Members of the committee who choose to appoint a proxy shall give a written proxy to the person elected to act as proxy. The written proxy shall then be filed with the governing committee, thus ensuring the validity of the proxy’s actions as the governing committee performs its duties.

Ins 4.10(7)(b) (b) The governing committee shall be empowered to appoint a manager, who shall serve at the pleasure of the committee, to budget expenses, levy assessments, disburse funds, and perform all other duties of the Plan. The adoption of or substantive changes in pension plans or employee benefit programs for the manager and staff shall be subject to approval of the governing committee.

Ins 4.10(7)(c) (c) The governing committee may designate, with the approval of the commissioner, a rate service organization as defined in s. 625.02 (2), Stats., to make inspections as required under the Plan and to perform such other duties as may be authorized by the governing committee.

Ins 4.10(7)(d) (d) The manager shall annually prepare an operating budget which shall be subject to approval of the governing committee.

Ins 4.10(7)(e) (e) The governing committee shall submit to the commissioner periodic reports setting forth information as the commissioner may request.

Ins 4.10(7)(f) (f) The governing committee shall separately code all policies written by the Plan so that appropriate records may be compiled for purposes of performing loss prevention and other studies of the operation of the Plan.

Ins 4.10(7)(g) (g) The governing committee shall authorize the manager to file rates, surcharge schedules and forms for prior approval by the commissioner.

Ins 4.10(7)(h) (h) The governing committee shall prepare such agreements and contracts as may be necessary for the execution of this section consistent with its provisions.

Ins 4.10(8) (8) Annual and special meetings.

Ins 4.10(8)(a) (a) There shall be an annual meeting of the insurers on a date fixed by the governing committee at which time members may be chosen under sub. (6) (b) 1., 2. and 4.

Ins 4.10(8)(b) (b) A special meeting shall be called within 40 days by the governing committee after receipt of a written request from any 10 insurers, not more than one of which may be in a group under the same management or ownership.

Ins 4.10(8)(c) (c) The time and place of all meetings shall be reasonable. Twenty days’ notice of an annual or special meeting shall be given in writing by the governing committee to all insurers as defined by sub. (3) (d). Six members present in person or by proxy shall constitute a quorum. Voting by proxy shall be permitted.

Ins 4.10(8)(d) (d) Any matter not inconsistent with the law or this section may be proposed and voted upon at any special meeting of the committee. Notice of any such proposal shall be mailed to each insurer not less than 20 days prior to the final date fixed by the committee for voting thereon.

Ins 4.10(9) (9) Application for insurance.

Ins 4.10(9)(a) (a) Any person having an insurable interest in an eligible risk under sub. (4) (a), and who has received within the last 6 months a notice of rejection or cancellation from an insurer, may apply for insurance by the Plan. The notice of rejection or cancellation shall accompany the application.

Ins 4.10(9)(b) (b) An inspection need not be made if the governing committee determines that insurance can be provided for specified classes of risks on the basis of representations of the applicant or the insurance agent.

Ins 4.10(9)(c) (c) The Plan may bind coverage. The Plan may wait until receipt of the inspection report or receipt of additional underwriting information before determining whether to bind coverage.

Ins 4.10(10) (10) Inspection procedure.

Ins 4.10(10)(a) (a) The inspection by the Plan shall be without cost for the applicant.

Ins 4.10(10)(b) (b) The manner and scope of the inspection shall be prescribed by the Plan with the approval of the commissioner.