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Kentucky · Snapshot 09/05/2026

KRS 304.27-180: Subscribers' advisory committee.

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Where this section sits in the code

    (1) The advisory committee exercising the subscribers' rights in a domestic reciprocal

    insurer shall be selected under such rules as the subscribers adopt.

    (2) Not less than two -thirds (2/3) of such committee shall be composed of subscribers

    other than the at torney, or any person employed by, representing, or having a

    financial interest in the attorney.

    (3) The committee shall:

    (a) Supervise the finances of the insurer.

    (b) Supervise the insurer's operations to such extent as to assure their conformity

    with the subscribers' agreement and power of attorney.

    (c) Procure the audit of the accounts and records of the insurer and of the attorney

    at the expense of the insurer.

    (d) Have such additional powers and functions as may be conferred by the

    subscribers' agreement.

    Collected 2026-09-05T20:57:52Z. Source file · JSON

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