§ 1308
44 words·~1 min read·
/ca/insurance-code/1308A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The body exercising the subscribers’ rights shall be selected under such rules as the subscribers adopt. It shall supervise the finances of the exchange and shall supervise its operations to such extent as to assure conformity with the subscriber’s agreement and power of attorney.