58-25-10. Funds derived from assessments and dues.
The fund from which the payment of benefits, as provided for in G.S. 58-25-5, shall be made, and the fund from which the expenses of such association, order or society shall be defrayed, shall be derived from assessments or dues collected from its members. Such societies or associations shall be governed by the laws of the State governing fraternal orders or societies, and are exempt from the provisions of all general insurance laws of this State, and no law hereafter passed shall apply to such orders or societies unless fraternal orders or societies are designated therein. (1987, c. 483, s. 2.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 25 - Fraternal Orders.
§ 58-25-1 - General insurance law not applicable.
§ 58-25-5 - Fraternal orders defined.
§ 58-25-10 - Funds derived from assessments and dues.
§ 58-25-20 - Meetings of governing body; principal office.
§ 58-25-25 - Conditions precedent to doing business.
§ 58-25-30 - Certain lodge systems exempt.
§ 58-25-35 - Insurance on children.
§ 58-25-40 - Medical examination; certificates and contributions.
§ 58-25-45 - Reserve fund; exchange of certificates.
§ 58-25-50 - Separation of funds.
§ 58-25-55 - Payments to expense or general fund.
§ 58-25-60 - Continuation of certificates.