Establishment of the Guam Captive Insurance Advisory

Committee; Members: (a) The Guam Captive Insurance Advisory Committee, the >Committee,’ shall consist of such persons, not fewer than three (3) in number, to be appointed by the Commissioner. The membership shall, to the extent possible, consist of one (1) person who is a certified public accountant, one (1) person who is a banker or officer of a Guam financial institution, and one (1) person who is actively employed in the insurance community. (b) Any Committee member shall excuse himself from reviewing any applicant for licensing if a conflict of interest exists. SOURCE: Added by P.L. 24-104:11.