(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.
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