Oklahoma § 36-2920 Subscribers' advisory committee.

Oklahoma Statutes

§ 36-2920 — Subscribers' advisory committee.

Oklahoma·Title 36 Insurance

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 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.

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; 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 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. 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; 4. Have such additional powers and functions as may be conferred by the subscribers' agreement.

Oklahoma § 36-2920 (Subscribers' advisory committee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.