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§ 58-34-30 Powers of advisory committee.

SD Codified L § 58-34-30 (2019) (N/A)
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58-34-30. Powers of advisory committee. The advisory committee of a domestic reciprocal insurer 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.Source: SL 1966, ch 111, ch 19, § 20 (3).

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§ 58-34-31 Modification of subscribers' agreement or power of attorney.