58-34-30. Powers of advisory committee.
74 words·~1 min read·
/sd/title-58/chapter-58-34/58-34-30·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.