Wyoming Statutes
§ 26-27-119 — Subscribers' advisory committee
(a)The advisory committee of a domestic reciprocal
insurer exercising the subscribers' rights shall be selected
under any rules the subscribers adopt.
(b)Not less than two-thirds (2/3) of the 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:
(i)Supervise the insurer's finances;
(ii)Supervise the insurer's operations to the extent
to assure conformity with the subscribers' agreement and power
of attorney;
(iii)Procure the audit of the insurer's and the
attorney's accounts and records at the insurer's expense; and
(iv)Have any additional powers and functions as the
subscribers' agreement confers.
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Nearby Sections
15
§ 26-27-101
Definitions§ 26-27-103
Insuring powers§ 26-27-104
Name; power to sue or be sued§ 26-27-105
Attorney deemed not doing business in state;
subscribers and attorney comprise single entity§ 26-27-106
Surplus funds required§ 26-27-107
Organization; declaration§ 26-27-108
Certificate of authority generally§ 26-27-109
Power of attorney§ 26-27-111
Attorney's bond; generally§ 26-27-112
Attorney's bond; deposit instead of bond§ 26-27-114
Service of process; judgments§ 26-27-115
Advances to insurer