Indiana § 27-11-3-1 Eligibility standards; admission process; rights and privileges of
members; social members

Indiana Statutes

§ 27-11-3-1 — Eligibility standards; admission process; rights and privileges of members; social members

Indiana·Title 27 INSURANCE·Art. 11 FRATERNAL BENEFIT SOCIETIES·Ch. 3 Membership

(a)A society shall specify in its laws or rules:

(1)eligibility standards for each and every class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen (15) and not greater than age twenty-one (21);

(2)the process for admission to each membership class; and

(3)the rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society.

(b)A society may also admit social members who have no voice or vote in the management of the insurance affairs of the society.

(c)Membership rights in the society are personal to the member and are not assignable.

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(a) A society shall specify in its laws or rules:
(1) eligibility standards for each and every class of membership,
provided that if benefits are provided on the lives of children, the
minimum age for adult membership shall be set at not less than
age fifteen (15) and not greater than age twenty-one (21);
(2) the process for admission to each membership class; and
(3) the rights and privileges of each membership class, provided
that only benefit members shall have the right to vote on the
management of the insurance affairs of the society.
(b) A society may also admit social members who have no voice or
vote in the management of the insurance affairs of the society.
(c) Membership rights in the society are personal to the member and
are not assignable.

Indiana § 27-11-3-1 (Eligibility standards; admission process; rights and privileges of members; social members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.