There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2011 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Vermont Code
Title 08 Banking and Insurance
Chapter 132 RECIPROCAL INSURERS
§ 4847 Subscribers' advisory committee


8 VT Stats § 4847. (2011 through Adj Sess) What's This?

§ 4847. Subscribers' advisory committee

(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscriber adopts.

(b) Not less than two-thirds of the committee shall be subscribers.

(c) The committee shall:

(1) Supervise the finances of the insurer;

(2) Supervise the insurer's operations to such extent as to assure conformity with the subscribers' agreement and power of attorney;

(3) Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and

(4) Have such additional powers and functions as may be conferred by the subscribers' agreement. (Added 1971, No. 31, { 1, eff. March 31, 1971; amended 2003, No. 55, { 5.)

Disclaimer: These codes may not be the most recent version. Vermont may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.