Section 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.