Section 33-5-305 - Subscribers' advisory committee - duties(1) The advisory committee of a domestic reciprocal insurer exercising the subscribers' rights shall be selected under such rules as the subscribers adopt.(2) Not less than two-thirds of such committee shall be subscribers other than the attorney 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 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; and(d) have such additional powers and functions as may be conferred by the subscribers' agreement.En. Sec. 555, Ch. 286, L. 1959; R.C.M. 1947, 40-5018.