Idaho § 41-2920 SUBSCRIBERS’ ADVISORY COMMITTEE

Idaho Statutes

§ 41-2920 — SUBSCRIBERS’ ADVISORY COMMITTEE

Idaho § 41-2920

Title 41INSURANCE

Ch. 29RECIPROCAL INSURERS

This text of Idaho § 41-2920 (SUBSCRIBERS’ ADVISORY COMMITTEE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 41-2920 (2026).

Text

(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.

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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.