SECTION 629.201. Subscribers’ advisory committee.
Latest version.
1(1) 2The advisory committee of a domestic reciprocal insurer exercising the subscribers’ rights shall be selected under such rules as the subscribers adopt.
24(2) 25Not less than two-thirds of such committee shall be subscribers other than the attorney, or any person employed by, representing, or having a financial interest in the attorney.
53(3) 54The committee shall:57(a) 58Supervise the finances of the insurer;
64(b) 65Supervise the insurer’s operations to such extent as to assure conformity with the subscribers’ agreement and power of attorney;
84(c) 85Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and
107(d) 108Have such additional powers and functions as may be conferred by the subscribers’ agreement.
History.-s. 690, ch. 59-205; s. 3, ch. 76-168; s. 1, ch. 77-457; ss. 2, 3, ch. 81-318; ss. 681, 809(1st), ch. 82-243; ss. 187, 188, ch. 91-108; s. 4, ch. 91-429.
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