New Jersey Statutes
§ 17:44B-2 — Fraternal benefit society
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
2.Any incorporated society, order or supreme lodge, without capital stock, including one exempted under the provisions of section 35 of this act, whether incorporated or not, conducted solely for the benefit of its members and their beneficiaries and not-for-profit, operated on a lodge system with ritualistic form of work, having a representative form of government, and which provides benefits in accordance with this act, is declared to be a fraternal benefit society. L.1997,c.322,s.2.
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Nearby Sections
15
§ 17:44B-10
Formation of domestic society§ 17:44B-11
Amendment of laws of domestic society§ 17:44B-12
Establishment of not-for-profit institutions§ 17:44B-13
Reinsurance agreement to cede risks§ 17:44B-14
Consolidation, merger§ 17:44B-15
Conversion to domestic mutual insurer§ 17:44B-16
Provision of contractual benefits§ 17:44B-17
Right to change beneficiary§ 17:44B-2
Fraternal benefit society§ 17:44B-20
Investment of funds of society§ 17:44B-21
Holding, investment, disbursement of assets§ 17:44B-22
Societies governed by act