ยง 4506. Classes of membership. An authorized society may admit to
membership two classes of members: insurance members and social members
by whatever name known. Social members shall not be entitled to any of
the benefits prescribed by section four thousand five hundred five of
this article, and shall have no voice or vote in the management of the
insurance affairs of the society, except that they shall be eligible to
be elected as officers and as representatives of insurance members
unless such eligibility is prohibited by the society's by-laws.
Insurance members may be either adult members or juvenile members.
Structure New York Laws
Article 45 - Fraternal Benefit Societies
4502 - Incorporation and Licensing of Domestic Societies; Meeting of Supreme Governing Body.
4503 - Licensing of Foreign and Alien Societies.
4504 - Amendments to Charter, Constitution and By-Laws; Waiver of Provisions.
4505 - Insurance Benefits Authorized.
4509 - Certificates; Applications; Effect of Changes in Corporate Documents.
4510 - Life Insurance Certificates; Required and Prohibited Provisions.
4513 - Annuity Certificates; Compliance With Rules and Regulations.
4515 - Conditions for Avoiding Separate Funds.
4516 - Annual Statement; Valuation Report; Power of Superintendent.
4517 - Standard of Valuation Reserves.
4518 - Amounts Credited on Life Insurance Certificates.
4519 - Impairment of Reserves and Surplus; Order to Make Good Deficiency.
4520 - Non-Liability of Officers and Members.
4521 - Grounds for Revocation or Suspension of License.
4522 - Exemptions of Certain Organizations.
4523 - Soliciting Membership in Unauthorized Societies; Penalties.
4524 - Exemption From Taxation.
4525 - Application of Other Provisions of This Chapter.
4526 - Investments of Fraternal Benefit Societies.
4527 - Optional Authority and Regulation.
4528 - New Business Limitations.