Idaho § 41-2920 SUBSCRIBERS’ ADVISORY COMMITTEE

Idaho Statutes

§ 41-2920 — SUBSCRIBERS’ ADVISORY COMMITTEE

Idaho·Title 41 INSURANCE·Ch. 29 RECIPROCAL INSURERS

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Idaho § 41-2920 (SUBSCRIBERS’ ADVISORY COMMITTEE) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.