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§ 2920. Subscribers' advisory committee

Oklahoma Statutes AnnotatedTitle 36. Insurance

Oklahoma Statutes Annotated
Title 36. Insurance (Refs & Annos)
Chapter 1. Insurance Code (Refs & Annos)
Article 29. Reciprocal Insurers
36 Okl.St.Ann. § 2920
§ 2920. Subscribers' advisory committee
Currentness
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.

Credits

Laws 1957, p. 358, § 2920, operative July 1, 1957.
36 Okl. St. Ann. § 2920, OK ST T. 36 § 2920
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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