§ 26-29-206 — Qualifications for membership

Wyoming § 26-29-206

• Jurisdiction: Wyoming
• Title 26: Insurance Code
• Ch. 29: FRATERNAL BENEFIT SOCIETIES

Text

(a) A society shall specify in its laws or rules:
(i) 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);
(ii) The process for admission to membership for each
membership class; and
(iii) 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 shall 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.