New York Laws
ISC - Insurance
Article 45 - Fraternal Benefit Societies

4501 - Definitions. - (a) "Fraternal benefit society" means, except as used in section...

4502 - Incorporation and Licensing of Domestic Societies; Meeting of Supreme Governing Body. - (a) The proposed incorporators, who shall be natural persons, citizens...

4503 - Licensing of Foreign and Alien Societies. - (b) Every license, including every renewal license, issued to a...

4504 - Amendments to Charter, Constitution and By-Laws; Waiver of Provisions. - (b) A domestic society may amend its constitution and by-laws,...

4505 - Insurance Benefits Authorized. - (b) An authorized society shall specify in its laws or...

4506 - Classes of Membership. - § 4506. Classes of membership. An authorized society may admit...

4507 - Juvenile Members. - (b) Any such society may provide in its constitution or...

4508 - Beneficiaries. - (b) The beneficiaries under contracts of insurance on the lives...

4509 - Certificates; Applications; Effect of Changes in Corporate Documents. - § 4509. Certificates; applications; effect of changes in corporate documents....

4510 - Life Insurance Certificates; Required and Prohibited Provisions. - (1) For certificates in which the amount and frequency of...

4511 - Life Insurance Certificates and Annuity Contracts; Nonforfeiture Benefits and Values; Requirements and Exceptions. - (1) the reserve on the certificate shall be determined on...

4512 - Accident and Health and Disability Insurance Certificates; Compliance With Rules and Regulations. - (b) Anything in this article to the contrary notwithstanding, each...

4513 - Annuity Certificates; Compliance With Rules and Regulations. - § 4513. Annuity certificates; compliance with rules and regulations. No...

4514 - Creation and Maintenance of Separate Funds; Premiums; Assessments and Other Contributions of Members. - (b) In a provision of its by-laws relating to the...

4515 - Conditions for Avoiding Separate Funds. - (b) (1) Such minimum standards of valuation shall be: (A)...

4516 - Annual Statement; Valuation Report; Power of Superintendent. - (b) The superintendent shall annually make or cause to be...

4517 - Standard of Valuation Reserves. - (b) In every valuation report of every authorized society and...

4518 - Amounts Credited on Life Insurance Certificates. - § 4518. Amounts credited on life insurance certificates. Any individual...

4519 - Impairment of Reserves and Surplus; Order to Make Good Deficiency. - (b)(1) Whenever the superintendent determines that the admitted assets of...

4520 - Non-Liability of Officers and Members. - § 4520. Non-liability of officers and members. Officers and members...

4521 - Grounds for Revocation or Suspension of License. - (a) that such society has exceeded its powers under its...

4522 - Exemptions of Certain Organizations. - (1) Organizations of workmen of the same trade or of...

4523 - Soliciting Membership in Unauthorized Societies; Penalties. - (b) The provisions of subsection (a) hereof shall not apply...

4524 - Exemption From Taxation. - § 4524. Exemption from taxation. Every society organized or licensed...

4525 - Application of Other Provisions of This Chapter. - (a) those specified in this article as applicable to such...

4526 - Investments of Fraternal Benefit Societies. - (1) are rated BBB or higher (or the equivalent thereto)...

4527 - Optional Authority and Regulation. - (1) Long term care benefits as defined in subsection (q)...

4528 - New Business Limitations. - (a) No such limitations shall apply to new life insurance...

4529 - Subsidiaries Authorized. - (b) A domestic fraternal benefit society may create, maintain and...

4530 - Optional Investment Authority. - (b) In addition to other requirements of this article, an...