(a) A “membership contract” is a certificate, policy, membership agreement, by whatever name called, or a promise or agreement, of a benevolent association with any or all of its members, whereby money or other benefit, charity, aid, or relief is to be paid, provided, or rendered by the association upon the decease of a member to the legal representatives of the member, or to the beneficiary or beneficiaries designated by the member.
(b) There shall be one contributing member for each membership contract, but a membership contract may cover more than one individual.
Structure Alaska Statutes
Chapter 72. Benevolent Associations
Sec. 21.72.010. Applicability.
Sec. 21.72.020. New benevolent associations prohibited.
Sec. 21.72.030. Amendments filed with director.
Sec. 21.72.050. Agents license.
Sec. 21.72.060. Officers as agents.
Sec. 21.72.070. Receipts for payment to association.
Sec. 21.72.080. Minimum membership.
Sec. 21.72.100. Payments of death claims.
Sec. 21.72.110. Assessment for death benefit.
Sec. 21.72.120. Annual statement.
Sec. 21.72.125. Quarterly statements.
Sec. 21.72.130. Benevolent association defined.
Sec. 21.72.140. Member defined.
Sec. 21.72.150. Membership contract.