8 V.S.A. § 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.