Section R20-5-722. Termination by a Member in a Pool; Cancella- tion of Membership by a Pool; Final Accounting

A.      A member of a pool may terminate its participation in the pool or submit to cancellation by a pool under the bylaws of the pool and other applicable statutes and rules.

B.       A pool shall provide the Commission written notice of a mem- ber’s intent to terminate membership or a pool’s intent to can- cel a member’s participation in the pool at least 30 days before

the termination or cancellation is effective on a form approved by the Commission.

C.      A pool shall provide a final accounting and settlement of the obligations of or refunds to a terminated or canceled member when all incurred claims are concluded, settled, or paid.

Historical Note

Adopted effective September 9, 1998 (Supp. 98-3).