North Dakota § 26.1-16-21 Mortuary fund - Credits to and use

North Dakota Statutes

§ 26.1-16-21 — Mortuary fund - Credits to and use

North Dakota·Title 26.1 Insurance·Ch. 26.1-16 Benevolent Societies

A benevolent society shall credit to its mortuary fund that part of any postmortem
assessment in excess of the amount required to pay the death claim for which the assessment
was levied. If the society has more than one unit of membership, the mortuary fund must be
kept separately by units. The fund must be used toward the payment of claims for deaths
occurring within the unit from which the fund arose, and no assessment levy may be made
unless the balance in the fund is insufficient to pay a claim on which notice and proof of death
has been received. No expenses may be paid from the mortuary fund.

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A benevolent society shall credit to its mortuary fund that part of any postmortem
assessment in excess of the amount required to pay the death claim for which the assessment
was levied. If the society has more than one unit of membership, the mortuary fund must be
kept separately by units. The fund must be used toward the payment of claims for deaths
occurring within the unit from which the fund arose, and no assessment levy may be made
unless the balance in the fund is insufficient to pay a claim on which notice and proof of death
has been received. No expenses may be paid from the mortuary fund.

North Dakota § 26.1-16-21 (Mortuary fund - Credits to and use) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.