Effective: January 1, 1997
Latest Legislation: House Bill 468 - 121st General Assembly
(A) A fraternal benefit society shall specify all of the following in its laws or rules:
(1) Eligibility standards for each membership class, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than fifteen years of age and not greater than twenty-one years of age;
(2) The process for admission to membership for each membership class;
(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 admit social members who have no voice or vote in the management of the insurance affairs of the society.
(C) Membership rights in a society are personal to the member and are not assignable.
Structure Ohio Revised Code
Chapter 3921 | Fraternal Benefit Societies
Section 3921.01 | Fraternal Benefit Society Definitions.
Section 3921.02 | Fraternal Benefit Society Requirements.
Section 3921.03 | Lodge System.
Section 3921.04 | Representative Form of Government.
Section 3921.05 | Purpose of Fraternal Benefit Society.
Section 3921.06 | Membership Rights.
Section 3921.07 | Organization of Society.
Section 3921.08 | Nonindividual Liability - Indemnification or Reimbursement.
Section 3921.09 | Limitation on Powers or Authority.
Section 3921.10 | Formation of Society After 1-1-97.
Section 3921.101 | Maintenance and Amount of Surplus.
Section 3921.11 | Amendment of Laws.
Section 3921.13 | Reinsurance Agreements.
Section 3921.14 | Consolidation or Merger of Societies.
Section 3921.15 | Fraternal Society Converted and Licensed as Mutual Life Insurance Company.
Section 3921.16 | Contractual Benefits Provided by Society.
Section 3921.17 | Designation of Beneficiaries.
Section 3921.18 | Exemption of Benefits From Attachment or Garnishment.
Section 3921.19 | Certificate Specifying Amount of Benefits Provided Under Benefit Contract.
Section 3921.191 | Disclosure for Applicants for Contractual Benefits.
Section 3921.20 | Paid-Up Nonforfeiture Benefit - Cash Surrender Value.
Section 3921.21 | Investment of Funds.
Section 3921.22 | No Individual Right to Assets.
Section 3921.23 | Societies Exempt From Insurance Laws.
Section 3921.24 | Tax Exemption.
Section 3921.25 | Standards of Valuation for Certificates.
Section 3921.26 | Annual Financial Statement - Valuation of Certificates.
Section 3921.27 | Renewal of License - Fee.
Section 3921.28 | Examination of Domestic and Foreign Societies.
Section 3921.29 | Foreign or Alien Benefit Society License.
Section 3921.30 | Notice of Deficiency.
Section 3921.31 | Notice and Correction of Deficiency of Society.
Section 3921.33 | Licensing of Agents - Exceptions.
Section 3921.331 | Effect of Child Support Default on License.
Section 3921.34 | Application of Deceptive Act or Practice Prohibitions.
Section 3921.35 | Service of Process Upon Agent.
Section 3921.36 | False or Misleading Statements.
Section 3921.37 | Exceptions to Chapter.
Section 3921.38 | Review of Superintendent's Decisions and Findings.