Section 3867 - Subscribers' advisory committee1. The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt. [1969, c. 132, §1(NEW).]
2. Not less than 2/3 of such committee shall be subscribers other than the attorney, or any person employed by, representing, or having a financial interest in the attorney. [1969, c. 132, §1(NEW).]
3. The committee shall: A. Supervise the finances of the insurer; [1969, c. 132, §1(NEW).]B. Supervise the insurer's operations to such extent as to assure conformity with the subscribers' agreement and power of attorney; [1969, c. 132, §1(NEW).]C. Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and [1969, c. 132, §1(NEW).]D. Have such additional powers and functions as may be conferred by the subscribers' agreement. [1969, c. 132, §1(NEW).] [1969, c. 132, §1(NEW).]
1969, c. 132, § 1 (NEW) .