§ 39A-6. Organization of Commissioners; meetings; report.

Within 30 days of their appointment, the Insurance Fund Commissioners shall meet for the purpose of preparing and adopting operating procedures, which shall be in writing and subject to the approval of the Mayor and Council. Thereafter, the Commissioners shall meet at least quarterly and submit a report to the Mayor and Council concerning the status of the fund and other relevant information. Annually thereafter, the Commissioners shall, forthwith after their appointment, organize for the ensuing year and elect from their membership a Chairman, who shall serve for the year.