Iowa Code
Chapter 512B - FRATERNAL BENEFIT SOCIETIES
Section 512B.5 - Representative form of government.

512B.5 Representative form of government.
A society has a representative form of government if all of the following apply:
1. It has a supreme governing body constituted in one of the following ways:
a. Assembly. The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as prescribed in the society’s laws. A society may provide for election of delegates by mail. The elected delegates must constitute a majority of the delegates in number and have not less than two-thirds of the votes and not less than the number of votes required to amend the society’s laws. The assembly must be elected and meet at least once every four years and must elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society’s laws. The board of directors may appoint the officers of the society if authorized to do so by the articles or bylaws of the society. A board of directors elected by an assembly shall have such powers authorized the board by the articles or bylaws of the society, and may or may not be a supreme governing body as described in paragraph “b”, depending upon the powers authorized by the articles or bylaws.
b. Direct election. The supreme governing body is a board of directors composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society’s laws. A society may provide for election of the board by mail. Each term of a board member must not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society’s laws. The elected board members must constitute a majority of the board members in number and have not less than the number of votes required to amend the society’s laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board must meet at least quarterly to conduct the business of the society.
2. The officers of the society are elected by the supreme governing body or board of directors.
3. Only benefit members are eligible for election to the supreme governing body, board of directors, or any intermediate assembly.
4. Each voting member has one vote.
5. A voting member is not entitled to cast a vote by proxy.
90 Acts, ch 1148, §5

Structure Iowa Code

Iowa Code

Title XIII - COMMERCE

Chapter 512B - FRATERNAL BENEFIT SOCIETIES

Section 512B.1 - Scope of chapter.

Section 512B.2 - Definitions.

Section 512B.3 - Fraternal benefit societies — defined.

Section 512B.4 - Lodge system.

Section 512B.5 - Representative form of government.

Section 512B.6 - Purposes and powers.

Section 512B.7 - Qualifications for membership.

Section 512B.8 - Location of office, meetings, communications to members, grievance procedures.

Section 512B.9 - Personal liability.

Section 512B.10 - Waiver.

Section 512B.11 - Organization.

Section 512B.12 - Amendments to laws.

Section 512B.13 - Institutions.

Section 512B.14 - Reinsurance.

Section 512B.15 - Consolidations and mergers.

Section 512B.15A - Conversion of fraternal benefit society into a mutual life insurance company.

Section 512B.16 - Benefits.

Section 512B.17 - Beneficiaries.

Section 512B.18 - Benefits not attachable.

Section 512B.19 - The benefit contract.

Section 512B.20 - Nonforfeiture benefits, cash surrender values, certificate loans, and other options.

Section 512B.21 - Investments.

Section 512B.21A - Required reserves.

Section 512B.22 - Funds.

Section 512B.23 - Valuation.

Section 512B.24 - Reports.

Section 512B.25 - Annual license — renewal.

Section 512B.26 - Examination of societies — no adverse publications.

Section 512B.27 - Foreign or alien society — admission.

Section 512B.28 - Injunction — liquidation — receivership of domestic society.

Section 512B.29 - Suspension, revocation, or refusal of license of foreign or alien society.

Section 512B.30 - Standing.

Section 512B.31 - Licensing of agents.

Section 512B.32 - Unfair methods of competition and unfair and deceptive acts and practices.

Section 512B.33 - Service of process.

Section 512B.34 - Review.

Section 512B.35 - False or fraudulent statements.

Section 512B.36 - Exemption of certain societies.