(b) A vacancy occurring in a director position shall be filled in the
same manner as the initial appointment to that position, provided
however that no individual may serve as director for more than three
successive terms.
(c) The board of directors may:
(i) delegate to one or more of its directors, officers, agents or
employees such powers and duties as it may deem proper;
(ii) establish the procedure by which the fund shall determine how to
provide the benefits due pursuant to this article;
(iii) establish accounting and record-keeping procedures for all
financial transactions of the fund, its agents and the board of
directors;
(iv) establish a procedure for determining and collecting the
appropriate amount of assessments under and as consistent with this
article;
(v) set forth the procedures by which the fund may exercise the audit
rights granted to it under this article;
(vi) establish procedures to ensure prompt and accurate notification
to the fund by independent livery bases of all deaths of independent
livery drivers, and all injuries to livery drivers that resulted from a
crime for which there is a police report, and provide for full
reimbursement of the fund by any member whose failure to provide such
notification results in the imposition of a penalty on the fund by the
workers' compensation board;
(vii) recommend changes in the law or regulations governing workers'
compensation benefits with livery drivers; and
(viii) engage in such additional actions as the board of directors may
deem necessary or proper for the execution of the powers and duties of
the fund.