A. A society shall specify in its laws or rules:
1. Eligibility standards for 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 fifteen and not greater than age twenty-one;
2. The process for admission to membership for each membership class; and
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.
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.
C. Membership rights in the society are personal to the member and are not assignable.
Code 1950, §§ 38-286, 38-293, 38.1-602, 38.1-609; 1952, c. 317, § 38.1-638.29; 1964, c. 355; 1968, c. 654; 1972, cc. 530, 825; 1986, c. 562.
Structure Code of Virginia
Chapter 41 - Fraternal Benefit Societies
§ 38.2-4100. Fraternal benefit societies
§ 38.2-4102. Representative form of government
§ 38.2-4104. Purposes and powers
§ 38.2-4105. Qualifications for membership
§ 38.2-4106. Location of office; meetings, communications to members; grievance procedures
§ 38.2-4107. No personal liability
§ 38.2-4109. Organization of domestic society on or after October 1, 1986
§ 38.2-4110. Incorporation of fraternal benefit societies
§ 38.2-4111. Amendments to laws
§ 38.2-4114. Consolidations and mergers
§ 38.2-4115. Conversion of fraternal benefit society into mutual life insurer
§ 38.2-4118. Benefits not attachable
§ 38.2-4119. The benefit contract
§ 38.2-4120. Nonforfeiture benefits, cash surrender values, certificate loans and other options
§ 38.2-4126. Reports to be filed
§ 38.2-4128. Examination of societies; no adverse publications
§ 38.2-4129. Admission; foreign or alien society
§ 38.2-4130. Injunction; liquidation; receivership of domestic society
§ 38.2-4131. Suspension, revocation or refusal of license of foreign or alien society
§ 38.2-4132. Licensing of agents
§ 38.2-4133. Unfair methods of competition and unfair and deceptive acts and practices
§ 38.2-4135. Exemption of certain societies
§ 38.2-4136. Societies previously existing; reincorporation; amendments
§ 38.2-4137. Exemption of member representatives of certain societies