Delaware § 5717 Subscribers’ advisory committee

Delaware Statutes

§ 5717 — Subscribers’ advisory committee

Delaware § 5717

Title18

PartInsurance

Ch. 57RECIPROCAL INSURERS

This text of Delaware § 5717 (Subscribers’ advisory committee) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Del. Code tit. 18, § 5717 (2026).

Text

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

(b)Not less than2/3of such 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:

(1)Supervise the finances of the insurer;

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

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

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

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

(b) Not less than2/3of such 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:

(1) Supervise the finances of the insurer;

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

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

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