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Idaho Statutes Title 41. Insurance § 41-2920. Subscribers' advisory committee

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(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 ( 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.

(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.

Cite this article: - Idaho Statutes Title 41. Insurance § 41-2920. Subscribers' advisory committee - last updated January 01, 2020 |

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