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Dental Program  <br />Memorandum of Understanding  Adopted: October 26, 2009 <br /> <br /> <br />Page 3 of 5 <br />  <br />any Member that fails to pay an invoice when due may be given a ten (10) <br />day written notice of cancellation. <br /> <br />11. PREMIUM STABILIZATION FUNDS. Premium Stabilization Funds as set forth <br />apply only to Pool MEMBERS. <br /> <br />a. Legacy Premium Stabilization Fund. Current Delta Dental Member <br />who are fully insured with Delta Dental are required to have their <br />stabilization funds (if any) transferred to the EIA upon entry into the <br />Program. These funds will be accounted for individually for the <br />Member’s use. If the Member leaves the Program with a fund balance <br />remaining, those funds remain in the Program and the Member has no <br />equity rights to those funds. <br /> <br />b. Program Premium Stabilization Fund. The Program Stabilization Fund <br />shall consist of accumulated excess reserves (in excess of the <br />required Incurred But Not Reported (IBNR) and margin requirements) <br />generated by the Program with all years combined on a go forward <br />basis. The Committee shall have authority to determine the use of <br />these funds. These funds are not Member specific and they are <br />separate from the Legacy Premium Stabilization Funds <br /> <br />12. STABILIZATION INTEREST. Interest generated by both premium stabilization <br />funds are available for the Committee to use for any purpose, including <br />administrative fees, rate offsets, or claim payments. <br /> <br />13. DIVIDENDS AND ASSESSMENTS (Applicable to Pool Members Only). <br />Should the Program not be adequately funded for any reason, pro-rata <br />assessments to the Members may be utilized to ensure the approved funding <br />level for applicable policy periods. Any assessments, which are deemed <br />necessary to ensure approved funding levels, shall be made upon the approval <br />of the Committee in accordance with the following: <br /> <br />a. Any dividends or assessments shall be based upon the preceding <br />three years of percent of contribution for losses for Pooled <br />Members only. <br /> <br />b. Self-Insured Members shall not be eligible for dividends or <br />assessments. <br /> <br />14. APPROVAL OF NEW MEMBERS – APPLICATION TO THE PROGRAM. Any <br />public entity wishing to become a Member of the Program shall make application