(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt.
(b) 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 any additional powers and functions as may be conferred by the subscribers' agreement.
Section: Previous 33-17-7 33-17-8 33-17-9 33-17-10 33-17-11 33-17-12 33-17-13 33-17-14 33-17-15 33-17-16 33-17-17 33-17-18 33-17-19 33-17-20 33-17-21 NextLast modified: October 14, 2016