Section 4847 - Subscribers' advisory committee(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscriber adopts.(b) Not less than two-thirds of the committee shall be subscribers.(c) The committee shall:(1) supervise the finances of the insurer;(2) supervise the insurer's operations to such extent as to ensure 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.Amended by 2022, No. 105,§ 233, eff. 7/1/2022.Added 1971, No. 31, § 1, eff. 3/31/1971; amended 2003, No. 55, § 5.