Oklahoma Statutes (Last Updated: September 18, 2014)

§ 36-2920. Subscribers' advisory committee.

Latest version.

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.

Laws 1957, p. 358, § 2920.

                    
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