Subscribers' Advisory Committee

  1. Law
  2. Georgia Code
  3. Insurance
  4. Reciprocal Insurers
  5. Subscribers' Advisory Committee

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  1. The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt.
  2. 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.

(Code 1933, § 56-2120, enacted by Ga. L. 1960, p. 289, § 1.)


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