Maryland Statutes
Subtitle 2 - Reciprocal Insurers
Section 3-214 - Subscribers' Advisory Committee

(a)    The advisory committee of a domestic reciprocal insurer that exercises the subscribers' rights shall be chosen under rules that the subscribers adopt.
    (b)    Not less than two-thirds of the advisory committee shall be subscribers other than the attorney in fact of the reciprocal insurer or a person employed by, representing, or having a financial interest in the attorney in fact.
    (c)    The advisory committee shall:
        (1)    supervise the finances of the reciprocal insurer;
        (2)    supervise the operations of the reciprocal insurer to ensure compliance with the subscribers' agreement and power of attorney;
        (3)    procure the audit of the accounts and records of the reciprocal insurer and of the attorney in fact at the expense of the reciprocal insurer; and
        (4)    have any additional powers and functions as conferred by the subscribers’ agreement.

Structure Maryland Statutes