Title 33. INSURANCE
Chapter 15. FRATERNAL BENEFIT SOCIETIES
38 sections · 33-15-1 to 33-15-123
Article 1. ORGANIZATION AND GOVERNANCE; DEFINITIONS
Article 2. PROVISIONS OF LAWS AND RULES; MEMBERSHIP CLASSES; PRINCIPAL OFFICE; INDEMNIFICATION
- 33-15-20Membership classes; eligibility standards; rights and privileges.
- 33-15-21Principal office of society; meetings; official publications; annual statement; provision for grievance or complaint procedures.
- 33-15-22Limited liability of officers and members; indemnification; insurance.
- 33-15-23Limitation on power of subordinate body.
Article 3. FORMATION AND PETITIONS FOR CHARTER; AMENDMENTS OF LAWS; REINSURANCE; CONSOLIDATIONS AND MERGERS; CONVERSIONS
- 33-15-40Formation of society; petition for charter; preliminary certificate of authority; advance premiums; certificate of authority.
- 33-15-41Amendment of laws; referendum; approval of Commissioner.
- 33-15-42Operation of not for profit institutions.
- 33-15-43Reinsurance.
- 33-15-44Consolidations or mergers.
- 33-15-45Conversion to mutual life insurance company.
Article 4. BENEFIT CONTRACTS
- 33-15-60Contractual benefits allowed; persons covered.
- 33-15-61Beneficiary designations; funeral benefits; payment upon death of person without lawful beneficiary.
- 33-15-62Exemption of benefits from process.
- 33-15-63Certificate of benefits; effect of changes or additions; benefit contract binding upon children; assessment; evidentiary value; filing requirements; transfer of control of ownership; assignment.
- 33-15-64Provisions on control of exercise of rights incident to certificate; printing; notice and consent requirements.
- 33-15-65Value of paid-up nonforfeiture benefits and amounts of cash surrender values, loans, or other options.
Article 5. ASSETS AND INVESTMENTS
Article 6. VALUATION STANDARDS; LICENSES AND RENEWALS; EXAMINATIONS; VIOLATIONS; AGENTS OR REPRESENTATIVES
- 33-15-100Standards of valuation.
- 33-15-101Annual statements.
- 33-15-102Renewal of licenses.
- 33-15-103Examinations.
- 33-15-104Licensing of foreign or alien societies.
- 33-15-105Deficiencies of domestic society; notice; surrender of charter.
- 33-15-106Deficiencies of foreign or alien society; notice; enforcement procedures.
- 33-15-107Licensing of agents or representatives; exemptions.
- 33-15-108Applicability of unfair trade practices laws.