Ins 17.25(6)(a)1.1. “Personal injury liability insurance” means any insurance coverage against loss by the personal injury or death of any person for which loss the insured is liable. “Personal injury liability insurance” includes the personal injury liability component of multi-peril policies, but does not include steam boiler insurance authorized under s. Ins 6.75 (2) (a), worker’s compensation insurance authorized under s. Ins 6.75 (2) (k) or medical expense coverage authorized under s. Ins 6.75 (2) (d) or (e). Ins 17.25(6)(a)2.2. “Premiums written” means gross direct premiums less return premiums, dividends paid or credited to policyholders and the unused or unabsorbed portions of premium deposits, with respect to personal injury liability insurance covering insureds or risks residing or located in this state. Ins 17.25(6)(b)1.1. Each insurer authorized in this state to write personal injury liability insurance, except a town mutual organized under ch. 612, Stats., is a member of the plan. Ins 17.25(6)(b)2.2. An insurer’s membership in the plan terminates if the insurer is no longer authorized to write personal injury liability insurance in this state. The effective date of termination shall be the last day of the plan’s current fiscal year. A terminated insurer shall continue to be governed by this subsection until it completes all of its obligations under the plan. Ins 17.25(6)(b)3.3. Subject to the approval of the commissioner, the board may charge a reasonable annual membership fee, not to exceed $50.00. Ins 17.25(6)(c)(c) If the funds available to the plan at any time are not sufficient for the sound financial operation of the plan, the board shall assess the members an amount sufficient to remedy the insufficiency. Each member shall contribute according to the proportion that that member’s premiums written during the preceding calendar year bears to the aggregate premiums written by all members during the preceding calendar year. The amounts of premiums written shall be determined on the basis of the annual statements and other reports filed by the members with the commissioner. Assessments are subject to any credit plan developed under sub. (8) (a) 4. When the amount of the assessment is recouped under s. 619.01 (1) (c) 2., Stats., each member shall be reimbursed the amount of that member’s assessment. Ins 17.25(6)(d)(d) The board shall report to the commissioner the name of any member that fails to pay within 30 days any assessment levied under par. (c). Ins 17.25(7)(7) Board meetings; quorum. The board shall meet as often as required to perform the general duties of supervising the administration of the plan, or at the call of the commissioner. Seven members of the board shall constitute a quorum. Ins 17.25(8)(8) Powers and duties of the board. The board may do any of the following: Ins 17.25(8)(a)1.1. Invest, borrow and disburse funds, budget expenses, levy assessments and cede and assume reinsurance. Ins 17.25(8)(a)2.2. Appoint a manager or one or more agents to perform the duties designated by the board. Ins 17.25(8)(a)3.3. Appoint advisory committees of interested persons, not limited to members of the plan, to advise the board in the fulfillment of its duties and functions. Ins 17.25(8)(a)4.4. Develop an assessment credit plan subject to the approval of the commissioner, by which a member of the plan receives a credit against an assessment levied under sub. (6) (c), based on voluntarily written health care liability insurance premiums in this state. Ins 17.25(8)(a)5.5. Take any action consistent with law to provide the appropriate examining boards or the department of health services with appropriate claims information. Ins 17.25(8)(a)6.6. Perform any other act necessary or incidental to the proper administration of the plan. Ins 17.25(8)(b)1.1. Develop rates, rating plans, rating and underwriting rules, rate classifications, rate territories and policy forms for the plan. Ins 17.25(8)(b)2.2. Ensure that all policies written by the plan are separately coded so that appropriate records may be compiled for purposes of calculating the adequate premium level for each classification of risk, and performing loss prevention and other studies of the operation of the plan. Ins 17.25(8)(b)3.3. Subject to the approval of the commissioner, determine the eligibility of an insurer to act as a servicing company to issue and service the plan’s policies. If no qualified insurer elects to be a servicing company, the board shall assume these duties on behalf of member companies. Ins 17.25(8)(b)4.4. Enter into agreements and contracts as necessary for the execution of this section. Ins 17.25(8)(b)5.5. By May 1 of each year, report to the members of the plan and to the standing committees on insurance in each house of the legislature summarizing the activities of the plan in the preceding calendar year. Ins 17.25(10)(a)(a) Any person specified in sub. (5) may submit an application for insurance by the plan directly or through any licensed agent. Each application shall request coverage for the applicant’s partnership or corporation, if any, and for the applicant’s employees acting within the scope of their employment and providing health care services, unless the partnership, corporation or employees are covered by other professional liability insurance. Ins 17.25(10)(c)(c) Within 8 business days after receiving an application, the plan shall notify the applicant whether the application is accepted, rejected or held pending further investigation. Any applicant rejected by the plan may appeal the decision to the board as provided in sub. (16). Ins 17.25(10)(cm)(cm) The board may authorize retroactive coverage by the plan for a health care provider, as defined in s. 655.001 (8), Stats., if the provider submits a timely request for retroactive coverage showing that the failure to procure coverage occurred through no fault of the provider and despite the fact that the provider acted reasonably and in good faith. The provider shall furnish the board with an affidavit describing the necessity for the retroactive coverage and stating that the provider has no notice of any pending claim alleging malpractice or knowledge of a threatened claim or of any occurrence that might give rise to such a claim.