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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 17. RECIPROCAL INSURERS

33-17-14. Subscribers’ advisory committee.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

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

  2. (b)

    The committee shall:#

    1. (1)

      Supervise the finances of the insurer;#

    2. (2)

      Supervise the insurer’s operations to such extent as to assure conformity with the subscribers’ agreement and power of attorney;#

    3. (3)

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

    4. (4)

      Have any additional powers and functions as may be conferred by the subscribers’ agreement.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 56-2120, enacted by Ga. L. 1960, p. 289, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, pages 773 to 774; merge action: carried; file SHA-256 4ecec175d949.