LEG00236

• Bill Number: SB83-15
• Year: 1983
• Title: Concerning Reservoirs and Relating to the Inspection and Regulation Thereof and the Provision of Liability Insurance Therefor and Making an Appropriation Therefor
• Legislation - Doc Type: Other CWCB Related Bills - Killed

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owners in this state.

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(II) Two directors who are not representatives of

3 reservoir owners,shall be selected from the public at large.

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(2) The directors shall receive no compensation but may

5 receive a per diem subsistence allowance pursuant to the

6 provisions of the plan of operation.

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(1) The board shall,

10-4-1105. Plan of operation.

8 after consultation with the members of the association,

9 representatives of the public, and other affected individuals

10 and organizations, submit to the commissioner a proposed plan

11 of operation consistent with the provisions of this part 11.

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(2) The plan of operation shall provide for economic,

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fair, and nondiscriminatory administration and for the prompt

and efficient provision of reservoir liabi'lity insurance and

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f5
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shall contain other provisions, including, but not limited to,

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a preliminary uniform assessment of all members (not to exceed
two hundred dollars) for the initial expenses necessary to

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commence operations,

the establishment of

necessary

19 facilities, the management of the association, a pro rata

20 assessment of members to defray losses and expenses, any

21 reasonable and objective underwriting standards, the cession

22 of reinsurance, any appointments of servicing carriers or

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other servicing arrangements,

and the procedures for

24 determining the amounts of insurance to be provided by the

25 association.

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(3) The plan of operation shall

be subject to the

-18-

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