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.