58-24-25. Qualifications for membership.
(a) A society shall specify in its laws or rules:
(1) Eligibility standards for each and every 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. (1987, c. 483, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 24 - Fraternal Benefit Societies.
§ 58-24-1 - Fraternal benefit societies.
§ 58-24-10 - Representative form of government.
§ 58-24-20 - Purposes and powers.
§ 58-24-25 - Qualifications for membership.
§ 58-24-30 - Location of office, meetings, communications to members, grievance procedures.
§ 58-24-35 - No personal liability.
§ 58-24-50 - Amendments to laws.
§ 58-24-65 - Consolidations and mergers.
§ 58-24-70 - Conversion of fraternal benefit society into mutual life insurance company.
§ 58-24-85 - Benefits not attachable.
§ 58-24-90 - The benefit contract.
§ 58-24-95 - Nonforfeiture benefits, cash surrender values, certificate loans and other options.
§ 58-24-130 - Perpetual license.
§ 58-24-135 - Examination of societies; no adverse publications.
§ 58-24-140 - Foreign or alien society Admission.
§ 58-24-145 - Injunction - Liquidation - Receivership of domestic society.
§ 58-24-150 - Suspension, revocation or refusal of license of foreign or alien society.
§ 58-24-160 - Licensing of agents.
§ 58-24-165 - Unfair methods of competition and unfair and deceptive acts and practices.
§ 58-24-170 - Service of process.
§ 58-24-185 - Exemption of certain societies, orders, and associations.