Vt. Stat. Ann. tit. 8, § 4847
Subscribers’ advisory committee
Redline — July 1, 2021 → current.View current text →
Current — June 1, 2022
As of July 1, 2021
(1) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscriber adopts.
(1) The advisory committee of a domestic reciprocal insurer exercising the subscribers’ rights shall be selected under such rules as the subscriber adopts.
(2) Not less than two-thirds of the committee shall be subscribers.
(2) Not less than two-thirds of the committee shall be subscribers.
(3) The committee shall: supervise the finances of the insurer;
(3) The committee shall: supervise the finances of the insurer;
(4) supervise the insurer's operations to such extent as to assure conformity with the subscribers' agreement and power of attorney;
(4) supervise the insurer’s operations to such extent as to assure conformity with the subscribers’ agreement and power of attorney;
(5) procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and
(5) procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and
(6) have such additional powers and functions as may be conferred by the subscribers’ agreement. Added 1971, No. 31, § 1, eff. March 31, 1971; amended 2003, No. 55, § 5.
(6) have such additional powers and functions as may be conferred by the subscribers’ agreement.
Official source: Vermont General Assembly. Reproduced from public-domain Vermont statutes; confirm against the official source for the current text. Not legal advice.