SECTION 365:10-19-4. Board of directors and plan of operations

(a)   Individuals on the Board of Directors as required under 36 O.S. § 4523 shall be owners or employees of the participating employer groups.

(1)   Be composed of Directors of the employers participating in the Health Insurance Purchasing Group;

(2)   A vacancy on the board may be filled by a member of the employer group from which the vacancy occurred if that employer is still participating in the Health Insurance Purchasing Group plan or any other employer group which is participating in the Health Insurance Purchasing Group plan;

(3)   A board member may be removed from the board for cause.

(b)   Within one hundred eighty (180) days after the appointment of the initial board, the board shall adopt a plan of operations and, thereafter, any amendments thereto necessary or suitable to ensure the fair, reasonable and equitable administration of the program, and to provide for the sharing of information to other members of the Health Insurance Purchasing Group.

(c)   The plan of operations shall be in a written document available for review by all members of the Health Insurance Purchasing Group.

(d)   The plan of operations shall establish a procedure for the implementation, administration of the HIPG and accounting of the program members, including but not limited to employees and dependents covered, and employees declining coverage.

(e)   The plan of operations shall establish a procedure for an annual written report to be provided to all participating employers of the Health Insurance Purchasing Group.

[Source: Added at 20 Ok Reg 224, eff 11-25-02 (emergency); Added at 20 Ok Reg 1731, eff 7-14-03]