A. The state mine inspector shall adopt rules for:
1. Reviewing and acting on applications to release all or part of the financial assurance under this article.
2. Ensuring the implementation of the reclamation plan through forfeiture or exercise of the financial assurance on failure to implement the reclamation plan as required by this article.
B. The rules shall provide for written notice to all principals and sureties on the financial assurance and an opportunity for a hearing.