{"data":{"id":"us-ar/ark.-code-ann.-23-70-116","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-70-116","heading":"Subscribers' advisory committee","body":"(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt. (b) Not less than two-thirds (2/3) of the committee shall be subscribers, other than the attorney or any person employed by, representing, or having a financial interest in the attorney. (c) The committee shall: (1) Supervise the finances of the insurer; (2) Supervise the insurer's operations to such extent as to assure 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. Acts 1959, No. 148, § 529; A.S.A. 1947, § 66-4320.\n\n(a) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt.\n\n(b) Not less than two-thirds (2/3) of the committee shall be subscribers, other than the attorney or any person employed by, representing, or having a financial interest in the attorney.\n\n(c) The committee shall: (1) Supervise the finances of the insurer; (2) Supervise the insurer's operations to such extent as to assure 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.\n\n(1) Supervise the finances of the insurer;\n\n(2) Supervise the insurer's operations to such extent as to assure conformity with the subscribers' agreement and power of attorney;\n\n(3) Procure the audit of the accounts and records of the insurer and of the attorney at the expense of the insurer; and\n\n(4) Have such additional powers and functions as may be conferred by the subscribers' agreement.","path":["AR Code","Title 23","Chapter 70"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"47440ba3553396aaecc97555f1b5d2d024b151c961d2c44462ee12bf14b1112e","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-70-115","next":"us-ar/ark.-code-ann.-23-70-117"},"notice":"GroundRules: Original legal text. Not legal advice."}