§ 285.1

Illinois § 285.1

• Jurisdiction: Illinois
• Topic: REGULATION
• Ch. 215: INSURANCE
• Act 215 ILCS 5/: Illinois Insurance Code.
• Art.: Article XVII - Fraternal Benefit Societies

Text

(Section scheduled to be repealed on January 1, 2027) Sec. 285.1. Definitions. Whenever used in this amendatory Act: (a) "Benefit contract" shall mean the agreement for provision of benefits authorized by Section 297.1 of this amendatory Act as that agreement is described in Section 300.1 of this amendatory Act; (b) "Benefit member" shall mean an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract; (c) "Certificate" shall mean the document issued as written evidence of the benefit contract; (d) "Premiums" shall mean premiums, rates, dues or other required contributions, by whatever name known, which are payable under the certificate; (e) "Laws" shall mean the society's articles of incorporation, constitution and bylaws, however designated; (f) "Life insurer" shall mean an insurance company authorized to transact in this State the insurance business classified as Class 1, Clause (a) or (b) in Section 4 of this Code; (g) "Rules" shall mean 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; (h) "Society" shall mean fraternal benefit society, unless otherwise indicated; and (i) "Lodge" shall mean subordinate member units of the society, known as camps, courts, councils, branches or by any other designation.

Legislative History

(Source: P.A. 84-303 .)