Effective: January 1, 1997
Latest Legislation: House Bill 468 - 121st General Assembly
(A) A domestic fraternal benefit society may amend its laws in accordance with the provisions of its laws by action of its supreme governing body at any regular or special meeting of that body or, if its laws so provide, by referendum. A referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. No amendment submitted for adoption by referendum shall be adopted unless, within six months after the date of submission, a majority of the members voting have signified their consent to the amendment by one of the methods specified in this section.
(B) No amendment to the laws of any domestic society shall take effect unless approved by the superintendent of insurance, who shall approve the amendment if the superintendent finds that it has been duly adopted and is not inconsistent with any requirement of the laws of this state or with the character, objects, and purposes of the society. Unless the superintendent disapproves an amendment within sixty days after its filing, the amendment shall be considered to be approved. The approval or disapproval of the superintendent shall be in writing and shall be mailed to the secretary or corresponding officer of the society at its principal office. If the superintendent disapproves the amendment, the reasons for the disapproval shall be stated in the written notice.
(C) Within ninety days after an amendment is approved by the superintendent, the amendment or a synopsis of the amendment shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail an amendment or synopsis, stating facts that show that the amendment or synopsis has been duly addressed and mailed, is prima facie evidence that the amendment or synopsis has been furnished the addressee.
(D) Every foreign or alien society authorized to do business in this state shall file with the superintendent a duly certified copy of all amendments of, or additions to, its laws within ninety days after their enactment.
(E) Printed copies of the laws as amended, certified by the secretary or corresponding officer of the society, are prima facie evidence of their legal adoption.
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.