58-37A-4. Definition of terms.
Terms used in this chapter mean:
(1)"Benefit contract," the agreement for provision of benefits authorized by §58-37A-16, as that agreement is described in §58-37A-19;
(2)"Benefit member," any adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract;
(3)"Certificate," the document issued as written evidence of the benefit contract;
(4)"Laws," the society's articles of incorporation, constitution, and bylaws, however designated;
(5)"Lodge," subordinate member units of the society, known as camps, courts, councils, branches, or by any other designation;
(6)"Premiums," premiums, rates, dues, or other required contributions by whatever name known, which are payable under the certificate;
(7)"Rules," all rules, regulations, or resolutions adopted by the supreme governing body or board of directors which are intended to have general application to the members of the society;
(8)"Society," fraternal benefit society, unless otherwise indicated.
Source: SL 1990, ch 410, §4.
Structure South Dakota Codified Laws
Chapter 37A - Fraternal Benefit Societies
Section 58-37A-1 - Fraternal benefit society defined.
Section 58-37A-2 - Lodge system--Regular meetings--Lodges for children.
Section 58-37A-3 - Representative form of government determined.
Section 58-37A-4 - Definition of terms.
Section 58-37A-6 - Specification of laws or rules--Membership rights.
Section 58-37A-9 - Provisions of laws may not be waived.
Section 58-37A-11 - Amendments to society laws--Adoption--Filing--Printing as prima facie evidence.
Section 58-37A-12 - Nonprofit organization created by society.
Section 58-37A-13 - Reinsurance agreement--Ceding risks.
Section 58-37A-14 - Consolidation or merger.
Section 58-37A-15 - Conversion into life insurance company--Plan--Approval.
Section 58-37A-16 - Contractual benefits allowed.
Section 58-37A-17 - Beneficiary designations--Funeral benefits.
Section 58-37A-18 - Money or other benefits not attachable for individual debts.
Section 58-37A-19 - Benefit certificates.
Section 58-37A-20 - Basis for computing value of nonforfeiture benefits.
Section 58-37A-21 - Authorized investments.
Section 58-37A-23 - Exemption from other insurance laws.
Section 58-37A-24 - Exemption from certain taxes.
Section 58-37A-25 - Standards of valuation for certificates--Maintenance of excess reserves.
Section 58-37A-26 - Annual statement of affairs--Valuation of certificates--Filing requirements.
Section 58-37A-33 - Insurance producers--When license is required.