Connecticut § 38a-632 (Formerly Sec. 38-224a). Additional benefits from special account.

Connecticut Statutes

§ 38a-632 — (Formerly Sec. 38-224a). Additional benefits from special account.

Connecticut § 38a-632

Title 38aInsurance

Ch. 700dFraternal Benefit Societies

This text of Connecticut § 38a-632 ((Formerly Sec. 38-224a). Additional benefits from special account.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-632 (2026).

Text

A society may pay benefits, other than insurance benefits, to its members from any special account or fund maintained for such purpose; provided, if such benefits are of such a nature that they could constitute benefits within the classes of insurance set forth in section 38a-631, a society making such payments may not:

(a)Make any separate charge therefor;

(b)issue any certificate, policy or other document promising such payments;

(c)provide in its constitution, laws or any other document that such payments may be received by the member as a matter of right; or (d) advertise such payments as insurance or as payments to which the member has any right. The society shall maintain a separate accounting of all disbursements made under this section and report them in its annual statement.

Free access — add to your briefcase to read the full text and ask questions with AI

A society may pay benefits, other than insurance benefits, to its members from any special account or fund maintained for such purpose; provided, if such benefits are of such a nature that they could constitute benefits within the classes of insurance set forth in section 38a-631, a society making such payments may not: (a) Make any separate charge therefor; (b) issue any certificate, policy or other document promising such payments; (c) provide in its constitution, laws or any other document that such payments may be received by the member as a matter of right; or (d) advertise such payments as insurance or as payments to which the member has any right. The society shall maintain a separate accounting of all disbursements made under this section and report them in its annual statement.