CONTENTS OF PLAN OF OPERATION

(a) Subject to the requirements of this chapter, the plan of operation must include: (1) the organizational structure of the pool, the board's method of procedure and operation, and a summary of the method for managing and operating the pool; (2) a description of the financial arrangements necessary to cover the initial expenses of the pool and estimates, supported by statistical data, of the amounts of those contributions or other financial arrangements; (3) underwriting guidelines and procedures for evaluating risks; (4) procedures for purchasing reinsurance; (5) methods, procedures, and guidelines for: (A) establishing premium rates for and maximum limits of excess coverage available from the pool; and (B) managing and investing the fund; (6) procedures for processing and paying claims; (7) methods and procedures for defraying losses and expenses of the pool; and (8) guidelines for nonrenewal of coverage. (b) The plan of operation may include any matter relating to the organization and operation of the pool or to the pool's finances.