§ 10972. — 10972. (Repealed and added by Stats. 1951, Ch. 1193.)

California § 10972.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 2.: DIVISION 2. CLASSES OF INSURANCE
• Part 2.: PART 2. LIFE AND DISABILITY INSURANCE
• Ch. 10.: CHAPTER 10. Fraternal Benefit Societies
• Art. 1.: ARTICLE 1. Scope of Chapter

Text

(1)
A lodge operating under the lodge system, as this term is used in Section 10971, shall have all of the following characteristics:
(a)
It is organized without capital stock.
(b)
It is organized and operated solely for the benefit of its members or their beneficiaries and not for profit.
(c)
It has a lodge system and representative form of government within the meaning of Section 10992, holds regular meetings at periodical intervals, and has a ritualistic form of work, and it has not less than 10 subordinate branches with more than a total of 1,000 dues-paying, active members in good standing.
(2)
Any lodge, subordinate branch or association otherwise covered by Section 10971, which issues to any person a policy or certificate providing for the payment of benefits, shall comply with all the requirements of this chapter.

Legislative History

Repealed and added by Stats. 1951, Ch. 1193.