58-34-30Powers of advisory committee.

The advisory committee of a domestic reciprocal insurer 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; and

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

Source: SL 1966, ch 111, ch 19, § 20 (3).