(a) A society shall specify in its laws or rules:
(1) Eligibility standards for each 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 15 and not greater than age 21;
(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.
(Apr. 29, 1998, D.C. Law 12-86, § 1204, 45 DCR 1172.)
1981 Ed., § 35-1233.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 53 - Fraternal Benefit Societies
§ 31–5302. Operation for benefit of members and their beneficiaries; bylaws
§ 31–5303. Qualifications for membership
§ 31–5305. Liability of officers and members
§ 31–5307. Organization of societies
§ 31–5309. Operations of nonprofit institutions
§ 31–5311. Consolidations and mergers
§ 31–5312. Conversion of fraternal benefit society into a mutual life insurance company
§ 31–5315. Benefits not attachable
§ 31–5317. Nonforfeiture benefits, cash surrender values, certificate loans, and other options
§ 31–5321. Applicability of provisions
§ 31–5322. Valuation standards for certificates
§ 31–5325. Examination of societies; no adverse publications
§ 31–5326. Foreign or alien society; admission
§ 31–5327. Injunction; liquidation; receivership of domestic society
§ 31–5328. Suspension; revocation or refusal of license of foreign or alien society
§ 31–5330. Licensing of agents
§ 31–5331. Unfair methods of competition; unfair and deceptive acts and practices