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Part I - Definitions; General Provisions
Section 8-401 - Definitions - (a) In this subtitle the following words have the meanings...
Section 8-402 - Society Deemed Fraternal Benefit Society - (a) (1) An incorporated society, order, or supreme lodge without...
Section 8-403 - Application of Subtitle and Other Insurance Laws - (a) (1) Except as otherwise provided in this section, societies...
Section 8-404 - Exempted Societies - (a) Except as provided in this section, this subtitle and...
Section 8-405 - Taxation of Societies - (a) A society organized or authorized to transact business under...
Section 8-406 - Retention of Powers by Existing Incorporated Societies - (a) An incorporated society authorized to transact insurance business in...
Section 8-407 - Service of Process - (a) (1) Each society authorized to do business in the...
Part II - Formation, Organization, and Authority to Do Business
Section 8-410 - Formation of Society - (a) Seven or more individuals, acting as incorporators, may form...
Section 8-411 - Articles of Incorporation of Society - (a) The incorporators shall sign and acknowledge the articles of...
Section 8-412 - Filing Requirements - (a) The incorporators shall file with the Commissioner: (1) the...
Section 8-413 - Minimum Capital - (a) Each society that applies on or after July 1,...
Section 8-414 - Preliminary Certificate of Authority - If a society complies with this subtitle, the Commissioner shall:...
Section 8-415 - Completing Organization of Society - (a) (1) After receiving a preliminary certificate of authority from...
Section 8-416 - Time for Completing Organization - (a) Except as provided in subsection (b) of this section,...
Section 8-417 - Certificate of Authority - (a) Before the Commissioner issues a certificate of authority, the...
Section 8-418 - Constitution and Laws; General Powers - (a) A society may adopt and amend laws to: (1)...
Section 8-419 - Amendments to Laws - (a) A society may amend the society’s laws, in accordance...
Section 8-420 - Officers - (a) (1) The officers, trustees, directors, or other individuals who...
Section 8-421 - Membership - (a) (1) A society may admit to membership an individual...
Section 8-422 - Office; Meetings; Minutes - (a) The principal office of a domestic society shall be...
Section 8-423 - Term and Renewal of Certificate of Authority - (a) A certificate of authority of a society expires on...
Section 8-424 - Foreign or Alien Societies - (a) A foreign or alien society may not transact insurance...
Part III - Benefits
Section 8-427 - Benefits in General - (a) A society authorized to do insurance business in the...
Section 8-428 - Benefits on Lives of Children - (a) In this section, “eligible children” means children under the...
Section 8-429 - Nonforfeiture Benefits, Cash Surrender Values, Certificate Loans, and Other Options - (a) For certificates issued before January 1, 1998, the value...
Section 8-430 - Beneficiaries; Funeral Benefits; Payment of Benefits to Personal Representative - (a) (1) A member of a society may change the...
Section 8-431 - Benefits Exempt From Attachment or Execution - Benefits to be paid by a society are not subject...
Section 8-432 - Benefit Certificates -- Issuance; Statements as Representations; Amendments to Laws; Certified Copies as Evidence - (a) (1) Each society authorized to do business in the...
Section 8-433 - Benefit Certificates -- Filing and Approval; Standard Provisions; Individuals Below Minimum Age; Assignment - (a) (1) After December 31, 1997, a benefit certificate may...
Part IV - Other Powers and Duties
Section 8-437 - Creation and Operation of Institutions - (a) A society may create, maintain, and operate charitable, benevolent,...
Section 8-438 - Consolidation and Merger -- Procedure - (a) A society may consolidate or merge with another society...
Section 8-439 - Consolidation and Merger -- Effect - (a) When a consolidation or merger becomes effective, each right,...
Section 8-440 - Conversion to Mutual Life Insurer - (a) A domestic society may convert to and be licensed...
Section 8-441 - Reinsurance - (a) Subject to subsection (b) of this section, a domestic...
Section 8-442 - Assets; Special Funds; Payments for Expenses; Separate Accounts - (a) (1) All assets of a society shall be held,...
Section 8-443 - Investments - For the purpose of compliance with standards set out in...
Section 8-444 - Annual Statement - (a) Each society transacting insurance business in the State shall:...
Section 8-445 - Valuation of Certificates - (a) Standards of valuation for certificates issued before January 1,...
Section 8-446 - Impairment of Reserves - (a) Each society shall provide in its laws that: (1)...
Part V - Fraternal Benefit Agents
Section 8-449 - License Required; Exceptions - (a) Except as otherwise provided in this section, a person...
Part VI - Enforcement and Penalties
Section 8-461 - Examination of Domestic Societies - (a) The Commissioner or a person appointed by the Commissioner...
Section 8-462 - Examination of Foreign and Alien Societies - (a) The Commissioner or a person appointed by the Commissioner...
Section 8-463 - Publication of Information About Examinations or Investigations - (a) Subject to subsection (b) of this section, during or...
Section 8-464 - Injunctions - (a) The Commissioner shall take action under subsection (b) of...
Section 8-465 - Judicial Review - A decision or finding of the Commissioner made under this...
Section 8-466 - Unincorporated Societies Prohibited - An unincorporated or voluntary association may not transact business in...
Section 8-467 - Discrimination and Rebates Prohibited - (a) A society doing insurance business in the State may...
Section 8-468 - Misrepresentation About Society or Insurance Contract Prohibited - (a) A person may not cause or allow to be...