Alabama § 27-34-1 Definitions

Alabama Statutes

§ 27-34-1 — Definitions

Alabama·Title 27 Insurance·Ch. 34 Fraternal Benefit Societies

For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section:

(1)FRATERNAL BENEFIT SOCIETY. Any incorporated society, order, or supreme lodge without capital stock, including one exempted under the provisions of subdivision (a) (3) of Section 27-34-5, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government and which makes provision for the payment of benefits in accordance with this chapter is hereby declared to be a fraternal benefit society.

(2)SOCIETY. Such term, unless otherwise indicated, means a fraternal benefit society.

(3)PREMIUMS. Premiums, rates, or o

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For the purposes of this chapter, the following terms shall have the meanings respectively ascribed to them by this section:
(1) FRATERNAL BENEFIT SOCIETY. Any incorporated society, order, or supreme lodge without capital stock, including one exempted under the provisions of subdivision (a) (3) of Section 27-34-5, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not for profit, operated on a lodge system with ritualistic form of work, having a representative form of government and which makes provision for the payment of benefits in accordance with this chapter is hereby declared to be a fraternal benefit society.
(2) SOCIETY. Such term, unless otherwise indicated, means a fraternal benefit society.
(3) PREMIUMS. Premiums, rates, or other required contributions by whatever name known.

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