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Florida Statutes Title XXXVII. Insurance § 629.201. Subscribers' advisory committee

Current as of January 01, 2023 | Updated by FindLaw Staff

(1) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt.

(2) Not 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.

(3) The committee shall:

(a) Supervise the finances of the insurer;

(b) Supervise the insurer's operations to such extent as to assure conformity with the subscribers' agreement and power of attorney;

(c) Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and

(d) Have such additional powers and functions as may be conferred by the subscribers' agreement.

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Cite this article: FindLaw.com - Florida Statutes Title XXXVII. Insurance § 629.201. Subscribers' advisory committee - last updated January 01, 2023 | https://codes.findlaw.com/fl/title-xxxvii-insurance/fl-st-sect-629-201/

Read this complete Florida Statutes Title XXXVII. Insurance § 629.201. Subscribers' advisory committee on Westlaw. Westlaw subscription required.

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