(a) Each society shall pay to the commissioner an annual license fee of $50 and a fee of $25 for filing the annual statement of the society, all fees so collected to be used for the purposes specified in section thirteen, article three of this chapter.
(b) Every society licensed under this article is hereby declared to be a charitable and benevolent institution, and all of its funds and assets shall be exempt from all state, county, district and municipal taxes except taxes on real property and office equipment.
Structure West Virginia Code
Article 23. Fraternal Benefit Societies
§33-23-2. Applicability of Other Provisions
§33-23-2a. Applicability of Insurance Fraud Prevention Act
§33-23-3. Fraternal Benefit Societies Defined
§33-23-4. Lodge System Defined
§33-23-5. Representative Form of Government Defined
§33-23-7. Retention of Corporate Powers by Existing Incorporated Societies
§33-23-8. Incorporation of Existing Voluntary Associations
§33-23-9. Office and Meetings of Domestic Society
§33-23-10. Consolidations and Mergers
§33-23-11. Conversion of Society to Mutual Life Insurer
§33-23-12. Qualifications for Benefit Membership
§33-23-13. Amendment of Articles of Incorporation, Constitution or Laws
§33-23-14. Operation of Charitable, Benevolent or Educational Institutions
§33-23-15. Payment of Benefits Other Than Insurance Benefits
§33-23-16. No Personal Liability for Payment of Benefits
§33-23-17. Kinds of Benefits Authorized
§33-23-18. Benefits on Lives of Children
§33-23-19. Nonforfeiture Benefits, Cash Surrender Values, Loans and Options
§33-23-21. Benefits Not Liable to Process
§33-23-22. Certificates and Agreement With Members
§33-23-23. Approval of Certificates; Standard and Prohibited Provisions
§33-23-24. Filing and Approval of Accident and Sickness Insurance Certificates
§33-23-25. Waiver of Laws and Constitution of Society
§33-23-27. Licensing of Foreign and Alien Societies
§33-23-29. Fees; Exemption of Funds and Assets From Taxation
§33-23-32. Reports and Synopses of Annual Statements; Valuations