US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 29
                             RECIPROCAL INSURERS
    41-2920.  SUBSCRIBERS' ADVISORY COMMITTEE. (1) The advisory committee of a
domestic reciprocal insurer exercising the subscribers' rights shall be
selected under such rules as the subscribers adopt.
    (2)  Not less than two-thirds (2/3) of such committee shall be subscribers
other than the attorney, or any person employed by, representing, or having a
financial interest in the attorney.
    (3)  The committee shall:
    (a)  Supervise the finances of the insurer;
    (b)  Supervise the insurer's operations to such extent as to assure
conformity with the subscribers' agreement and power of attorney;
    (c)  Procure the audit of the accounts and records of the insurer and of
the attorney at the expense of the insurer; and
    (d)  Have such additional powers and functions as may be conferred by the
subscribers' agreement.