Voting by Members and Meetings of Boards of Directors; Co-Operative Property/casualty Insurance Companies.

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  5. Voting by Members and Meetings of Boards of Directors; Co-Operative Property/casualty Insurance Companies.

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§ 6624. Voting by members and meetings of boards of directors; co-operative property/casualty insurance companies. (a) A member of any co-operative property/casualty insurance company may vote at any regular or special meeting of the corporation in person or he may vote by proxy, if the by-laws of the corporation so provide.

(b) (1) The board of directors of every co-operative property/casualty insurance company shall hold regular meetings at least four times in each calendar year.

(2) Compliance with paragraph one hereof, except as to the annual meeting, may be made by an executive committee of at least four members, duly authorized to act on behalf of the board of directors.


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