2021 Oregon Revised Statutes
Chapter 748 - Fraternal Benefit Societies
Section 748.123 - Membership; eligibility; admission process; privileges.


(a) 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 15 years of age and not greater than 21 years of age;
(b) The process for admission to membership for each membership class; and
(c) 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) 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) Membership rights in the society are personal to the member and are not assignable. [1987 c.490 ยง7]

Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 748 - Fraternal Benefit Societies

Section 748.103 - Definitions.

Section 748.109 - Conditions constituting "operating on a lodge system."

Section 748.112 - Conditions constituting "representative form of government."

Section 748.121 - Purposes, operation and powers.

Section 748.123 - Membership; eligibility; admission process; privileges.

Section 748.130 - Principal office; publications; annual statement synopsis; complaints.

Section 748.133 - Formation.

Section 748.136 - Officers, governors, directors; exemption from liability; indemnification; insurance.

Section 748.142 - Amendment of society laws.

Section 748.144 - Creation and operation of other organizations and entities.

Section 748.148 - Consolidation and merger.

Section 748.171 - Certificate of authority.

Section 748.174 - Certificate of authority for foreign or alien society.

Section 748.184 - Reinsurance.

Section 748.201 - Benefits.

Section 748.204 - Beneficiaries.

Section 748.211 - Benefit contract; certificate.

Section 748.309 - Group membership; lodges.

Section 748.316 - Payments for group benefits.

Section 748.319 - Group certificates issued by foreign or alien society or by domestic society in foreign or alien jurisdiction.

Section 748.401 - Value of benefit and amount of options.

Section 748.403 - Standards of valuation for certificates.

Section 748.406 - Financial statement; filing; fee; valuation.

Section 748.409 - Assets of society; variable contracts.

Section 748.501 - Examination.

Section 748.503 - Investigation of society; notice of deficiencies; action by Attorney General; hearing.

Section 748.506 - Investigation of foreign or alien society; notice of deficiencies; revocation or suspension of authority.

Section 748.601 - Exemptions from chapter.

Section 748.603 - Relationship to other insurance laws.

Section 748.990 - Penalties.