South Carolina Statutes
§ 38-38-40 — Definitions.
Whenever used in this chapter:
(1)"Benefit contract" means the agreement for provision of benefits authorized by this chapter, as that agreement is described in this chapter.
(2)"Benefit member" means an adult member who is designated by the bylaws or rules of the society to be a benefit member under a benefit contract.
(3)"Certificate" means the document issued as written evidence of the benefit contract.
(4)"Director" means the Director of the Department of Insurance of this State.
(5)"Bylaws" means the society's articles of incorporation, constitution, and bylaws, however designated.
(6)"Lodge" means subordinate member units of the society, known as camps, courts, councils, branches, or by any other designation.
(7)"Premiums" means premiums, rates, dues, or other required contrib
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South Carolina § 38-38-40 (Definitions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 2000 Act No. 259, SECTION 1.
Nearby Sections
15
§ 38-38-10
Fraternal benefit society defined.§ 38-38-110
Membership provisions in bylaws or rules.§ 38-38-140
Waiver of bylaw provisions.§ 38-38-220
Amendment of bylaws; notice to director.§ 38-38-240
Reinsurance.§ 38-38-260
Reorganization into mutual life insurer.