(1) The State Insurance Department shall promulgate reasonable organizational rules for the Arkansas Property and Casualty Advisory Association which shall set forth, among other things, quorum and attendance requirements for meetings, procedural rules to be followed at advisory association meetings, and rules concerning the replacement of members.
(2) The advisory association shall conduct its meetings in Little Rock, Arkansas, in the office of the Insurance Commissioner.
(3) Meetings shall be held upon call by the commissioner or upon written request of a majority of the members.
(4) Meetings shall not be open to the public. Only members of the advisory association, the commissioner, and persons authorized by the commissioner shall attend the meetings.