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. Ins 17.25(10)(d)(d) If the application is accepted, the plan shall deliver a policy to the applicant upon payment of the premium. Ins 17.25(12)(a)2.2. Rates shall be calculated in accordance with generally accepted actuarial principles, using the best available data. Ins 17.25(12)(a)3.3. Rates shall be calculated on a basis which will make the plan self-supporting but may not be excessive. Rates shall be presumed excessive if they produce long-term excess funds over the total of the plan’s unpaid losses, including reserves for losses incurred but not yet reported, unpaid loss adjustment expenses, additions to the surplus established under s. 619.01 (1) (c) 2., Stats., and s. Ins 51.80 (3) and (4), the premium assessment under s. 619.01 (8m), Stats., and other expenses. Ins 17.25(12)(a)4.4. The board shall annually determine if the plan has accumulated excess funds as described under subd. 3. and, if so, the board shall return the excess funds to the insureds by means of refunds or prospective rate decreases according to a distribution method and formula established by the board. Ins 17.25(12)(a)5.a.a. In establishing the plan’s rates, the board shall use loss and expense experience in this state to the extent it is statistically credible supplemented by relevant data from outside this state including, but not limited to, data provided by other insurance companies, rate service organizations or governmental agencies. Ins 17.25(12)(a)5.b.b. The board shall annually review the plan’s rates using the experience of the plan, supplemented first by the experience of coverage provided in this state by other insurers and, to the extent necessary for statistical credibility, by relevant data from outside this state. Ins 17.25(12)(a)6.6. The loss and expense experience used in establishing and revising rates shall be adjusted to indicate as nearly as possible the loss and expense experience which will emerge on policies issued by the plan during the period for which the rates were being established. For this purpose loss experience shall include paid and unpaid losses, a provision for incurred but not reported losses and both allocated and unallocated loss adjustment expenses, giving consideration to changes in estimated costs of unpaid claims and to indications of trends in claim frequency, claim severity and level of loss expense.