<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".09" citation="COMAR 14.09.14.09" title_num="14" subtitle_num="09" chapter_num="14" heading="Reporting Requirements and Corrective Action Plans.">
  <paragraph num="A.">
    <text>The Board of Trustees shall:</text>
    <paragraph num="(1)">
      <text>Submit quarterly reports regarding the status or condition of investments made pursuant to this chapter, including quarterly investment statements; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Submit any additional information requested by the Commission under §B of this regulation.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>The Commission may direct the Board of Trustees to submit to the Commission:</text>
    <paragraph num="(1)">
      <text>A written explanation of its investment strategy and performance;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>A written proposed corrective action plan; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Any additional information concerning these investments that the Commission deems relevant.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>The Commission may order the Board of Trustees to implement a corrective action plan, to convert its investments to the investments authorized in Regulation .07B of this chapter, and to take any other action the Commission deems necessary.</text>
  </paragraph>
  <paragraph num="D.">
    <text>The Commission shall serve an order issued under §C of this regulation on the Board of Trustees by certified and regular mail.</text>
  </paragraph>
  <paragraph num="E.">
    <text>If aggrieved by a decision of the Commission under this regulation, the Board of Trustees may request a hearing before the Commission in accordance with Regulation .10 of this chapter.</text>
  </paragraph>
  <paragraph num="F.">
    <text>The Commission may terminate a fund from participation in the governmental group self-insurance program for failing to comply with an order of the Commission under this chapter.</text>
  </paragraph>
</regulation>