§431:4-415  Subscribers' advisory committee. 
(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 three-fourths of the
committee shall be composed of 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 their 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. [L 1987, c 347, pt of §2]