26-27-119. Subscribers' advisory committee.
(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under any rules the subscribers adopt.
(b) Not less than two-thirds (2/3) of the committee shall be subscribers other than the attorney, or any person employed by, representing or having a financial interest in the attorney.
(c) The committee shall:
(i) Supervise the insurer's finances;
(ii) Supervise the insurer's operations to the extent to assure conformity with the subscribers' agreement and power of attorney;
(iii) Procure the audit of the insurer's and the attorney's accounts and records at the insurer's expense; and
(iv) Have any additional powers and functions as the subscribers' agreement confers.