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Official Code of Georgia Annotated

Title 33. INSURANCE · Chapter 15. FRATERNAL BENEFIT SOCIETIES · Article 2. PROVISIONS OF LAWS AND RULES; MEMBERSHIP CLASSES; PRINCIPAL OFFICE; INDEMNIFICATION

33-15-20. Membership classes; eligibility standards; rights and privileges.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. (a)

    A society shall specify in its laws or rules:#

    1. (1)

      Eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age 15 and not greater than age 21;#

    2. (2)

      The process for admission to membership for each membership class; and#

    3. (3)

      The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.#

  2. (b)

    A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.#

  3. (c)

    Membership rights in the society are personal to the member and are not assignable.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 33-15-20, enacted by Ga. L. 1993, p. 1744, § 1.

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t33-ch1-22-(v24)-2020-pdf.pdf, Volume V24, 2020 edition, page 728; merge action: carried; file SHA-256 4ecec175d949.