The board shall select an insurer, insurers or a third party administrator or administrators through a competitive bidding process to administer the pool. The board shall evaluate bids based on criteria established by the board which shall include but are not limited to the ability of the administrator to administer the pool in a cost efficient manner. The administrator shall determine net written and earned premiums, the expense of administration and the paid and incurred losses for the year and report the information to the board and the department on a form and in the manner prescribed by the commissioner. This act is not effective after June 30, 2020 (Wyo. Stat. § 26-43-113).