§ 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.)