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Subchapter 1 - Structure and Purpose
§ 23-74-101. Fraternal benefit society defined - Any incorporated society, order, or supreme lodge, without capital stock,...
§ 23-74-102. Lodge system - (a) A society is operating on the lodge system if...
§ 23-74-103. Representative form of government - A society has a representative form of government when: (1)...
§ 23-74-104. Definitions - As used in this chapter: (1) “Benefit contract” means the...
§ 23-74-105. Purposes and powers - (a) A fraternal benefit society shall operate for the benefit...
Subchapter 2 - Membership
§ 23-74-201. Qualifications for membership - (a) A fraternal benefit society shall specify in its laws...
§ 23-74-202. Location of office, meetings, communications to members, grievance procedures - (a) (1) The principal office of any domestic society shall...
§ 23-74-203. No personal liability - (a) The officers and members of the supreme governing body...
§ 23-74-204. Waiver - The laws of the society may provide that no subordinate...
Subchapter 3 - Governance
§ 23-74-301. Organization - A domestic society organized on or after January 1, 1990,...
§ 23-74-302. Amendments to laws - (a) (1) A domestic society may amend its laws in...
§ 23-74-303. Institutions - A society may create, maintain, and operate, or may establish...
§ 23-74-304. Reinsurance - (a) By a reinsurance agreement, a domestic society may cede...
§ 23-74-305. Consolidations and mergers - (a) A domestic society may consolidate or merge with any...
§ 23-74-306. Conversion of fraternal benefit society into mutual life insurance company - Any domestic fraternal benefit society may be converted and licensed...
Subchapter 4 - Contractual Benefits
§ 23-74-401. Benefits - (a) A society may provide the following contractual benefits in...
§ 23-74-402. Beneficiaries - (a) (1) The owner of a benefit contract shall have...
§ 23-74-403. Benefits not attachable - No money or other benefit, charity, relief, or aid to...
§ 23-74-404. The benefit contract - (a) (1) Every society authorized to do business in this...
§ 23-74-405. Nonforfeiture benefits, cash surrender values, certificate loans, and other options - (a) For certificates issued prior to January 1, 1991, the...
Subchapter 5 - Financial
§ 23-74-501. Investments - A society shall invest its funds only in such investments...
§ 23-74-502. Funds - (a) All assets shall be held, invested, and disbursed for...
§ 23-74-503. Exemptions - Except as herein provided, societies shall be governed by this...
§ 23-74-504. Taxation - Every society organized or licensed under this chapter is hereby...
Subchapter 6 - Regulation
§ 23-74-601. Valuation - (a) Standards of valuation for certificates issued prior to January...
§ 23-74-602. Reports - (a) Reports shall be filed in accordance with the provisions...
§ 23-74-603. Annual license - Societies which are now authorized to transact business in this...
§ 23-74-604. Examination of societies — No adverse publications - (a) (1) The Insurance Commissioner, or any person he or...
§ 23-74-605. Foreign or alien society — Admission - (a) No foreign or alien society shall transact business in...
§ 23-74-606. Injunction, liquidation, or receivership of domestic society - (a) When the Insurance Commissioner upon investigation finds that a...
§ 23-74-607. Suspension, revocation, or refusal of license of foreign or alien society - (a) When the Insurance Commissioner upon investigation finds that a...
§ 23-74-608. Injunction - No application or petition for injunction against any domestic, foreign,...
§ 23-74-609. Licensing of agents - (a) Agents of societies shall be licensed in accordance with...
§ 23-74-610. Unfair methods of competition and unfair and deceptive acts and practices - Every society authorized to do business in this state shall...
Subchapter 7 - Miscellaneous
§ 23-74-701. Service of process — Registered agent - (a) (1) Every society authorized to do business in this...
§ 23-74-702. Review - All decisions and findings of the Insurance Commissioner made under...
§ 23-74-703. Penalties - Any person who: (1) Willfully makes a false or fraudulent...
§ 23-74-704. Exemption of certain societies - (a) Nothing contained in this chapter shall be so construed...
§ 23-74-705. Applicability of other code provisions - In addition to those contained in this chapter, the following...