§ 160-gg. Plan of operation. 1. Within seventy-five days of the
effective date of this article, the fund shall file with the department
its plan of operation, which shall be designed to assure the fair,
reasonable and equitable administration of the fund. The plan of
operation and any subsequent amendments thereto shall become effective
upon being filed with the department.

2. The plan of operation shall constitute the by-laws of the fund and
shall, in addition to the requirements enumerated elsewhere in this
article:

(a) establish procedures for collecting and managing the assets of the
fund;

(b) establish regular places and times for meetings of the fund's
board of directors;

(c) establish the procedure by which the fund shall determine whether
to provide the benefits due pursuant to this article by self-insuring or
by purchasing insurance;

(d) establish accounting and record-keeping procedures for all
financial transactions of the fund, its agents and the board of
directors;

(e) establish a procedure for determining and collecting the
appropriate amount of surcharges and assessments under this article;

(f) set forth the procedures by which the fund may exercise the audit
rights granted to it under this article;

(g) establish procedures to ensure prompt and accurate notification to
the fund by its members of all accidents and injuries to black car
operators, and provide for full reimbursement of the fund by any central
dispatch facility whose failure to provide such notification results in
the imposition of a penalty on the fund by the board; and

(h) contain such additional provisions as the board of the fund may
deem necessary or proper for the execution of the powers and duties of
the fund.