Nevada Insurance
Sec. § 694B.170
Subscribers’ advisory committee.


1.

The advisory committee of a domestic reciprocal insurer exercising the subscribers rights shall be selected under such rules as the subscribers adopt.

2.

Not less than two-thirds of such committee shall be subscribers other than the attorney, or any person employed by, representing or having a financial interest in the attorney.

3.

The committee shall:

(a)

Supervise the finances of the insurer;

(b)

Supervise the insurers operations to such extent as to assure conformity with the subscribers agreement and the power of attorney;

(c)

Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and

(d)

Have such additional powers and functions as may be conferred by the subscribers agreement.
Source
Last accessed
Nov. 19, 2019