The Committee is composed of six members of which it is preferred, but not required, three of whom have current or experience in the Insurance Industry who are residents of Guilford County. Qualifications and requirements with respect to insurance experience and rating thereof are addressed in the revised "Guilford City/County Insurance Advisory Committee Rules" which are filed in the City Clerk's Office. (Rules revised May 16, 2023).

Three members of this Committee are appointed by the City Council of the City of Greensboro, and three by the City of High Point for three-year staggered terms. The terms of the members appointed by the City of Greensboro expire on the first day of June. Members serve until their successors are appointed and qualified. Any vacancy resulting from a cause other than expiration of term shall be filled only for the unexpired portion of the term. Members shall not succeed themselves after serving a second full term without an intervening period of one year, and appointment for more than half of the unexpired portion of term shall be considered as appointment for a full term. The committee elects from its members a Chairperson and vice-Chairperson to serve for a term of one year. The Executive Director serves as secretary.

The Committee shall hold meetings at such time and place as determined by the Chairperson. A majority of the members of the committee shall constitute a quorum for the transaction of business.

Special meetings of the board may be called by the Chairperson. Notice shall be given verbally or in writing and delivered personally to each member or left at his residence not less than forty-eight (48) hours prior to the time of the meeting; provided, that the minimum time period for notice to a member may be waived by such member if he/she is present at the special meeting.

The board must also cause written notice of the special meeting, stating its general purpose, to be posted at the door of its meeting place, to be mailed or delivered to each news media, and/or person(s) who has filed a request for notice with the City Clerk's Office, at least forty-eight hours before the special meeting.

The by-laws of the Committee provide for the appointment of a full-time Executive Director to administer the insurance and safety engineering programs of the respective units, and the salary of said Executive Director and the expenses incident to the Committee's operation are to be provided from commissions normally paid to participating agents and agencies.