Nevada § 694B.170 Subscribers’ advisory committee

Nevada Statutes

§ 694B.170 — Subscribers’ advisory committee

Nevada § 694B.170

Title 57INSURANCE

Ch. 694BReciprocal

This text of Nevada § 694B.170 (Subscribers’ advisory committee) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 694B.170 (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 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 the 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 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 the 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.