Membership in the Indiana FAIR Plan is voluntary, not statutory. The FAIR Plan currently has over 300 member insurers. The FAIR Plan is organized as a syndicate and elects to file income tax turns as a partnership. As such, for tax purposes, each member is considered a partner. The business of the FAIR Plan is managed by a Governing Committee representing various segments of property insurers. FAIR Plan operation must be in accordance with the FAIR Plan By-laws and Plan of Operation.