(a) The Supreme Courtshall provide for funding by the lawyers licensed in this state in amountsadequate for the proper payment of claims and costs of administering the Fundsubject to paragraph (c).
(b) All determinationswith regards to funding shall be within the discretion of the Board, subject toapproval of the Supreme Court.
(c) The Bar shall havethe authority to assess its members for purposes of maintaining the Fund atsufficient levels to pay eligible claims in accordance with these rules. TheCommittee shall report annually to the Commission on a timely basis as to knownprospective claims as well as total claims paid to date so that an appropriateassessment can be made for the upcoming fiscal year. After the assessment atthe beginning of the fiscal year is determined, the Fund balance shall be setin an amount of not less than $200,000. The Bar shall then report to theSupreme Court as to known prospective claims as well as total claims paid todate after which the final assessment and fund balance shall be set with theCourt?s approval.
(d) A lawyer's failureto pay any fee assessed under paragraph (c) shall be cause for administrativesuspension from practice until payment has been made.
(e) Any lawyer whoseactions have caused payment of funds to a claimant from the Fund shallreimburse the Fund for all monies paid out as a result of his or her conductwith interest at legal rate, in addition to payment of the assessment for theprocedural costs of processing the claim and reasonable attorney fees incurredby the Bar's Office of Professional Conduct or any other attorney orinvestigator engaged by the Committee to investigate and process the claim as acondition of continued practice.
(e)(1) In lawyer disciplinecases for which the Fund pays an eligible claim, the lawyer?s license topractice shall be administratively suspended for non-payment untilreimbursement to the Fund has been made by the lawyer.