§ 20-882 – Applicable insurance provisions
20-882. Applicable insurance provisions Fraternal benefit societies are governed by this article and are subject to and governed by the following articles and sections of this title to the extent that the articles and sections apply to the societies and are not modified by the provisions of this article: 1. Chapter 1, articles 1 and […]
§ 20-883 – Tax exemption; exception
20-883. Tax exemption; exception Every authorized society and every society that is exempt under section 20-893 is deemed to be a charitable and benevolent institution and is exempt from all state, county, district, municipal and school taxes, including the taxes prescribed by this title, except that a society is subject to the fees prescribed by […]
§ 20-884 – Valuation
20-884. Valuation A. The standards of valuation for certificates that are issued before January 1, 1996 are the standards of valuation that were in effect immediately before January 1, 1995. B. The minimum standards of valuation for certificates that are issued on or after January 1, 1996 shall be based on the following tables: 1. […]
§ 20-885 – Reports
20-885. Reports Each fraternal benefit society shall file reports as follows: 1. Unless the director extends the time for filing for good cause shown, on or before March 1, each society transacting business in this state shall annually file with the director a true statement of its financial condition, transactions and affairs for the preceding […]
§ 20-886 – Certificate of authority; termination
20-886. Certificate of authority; termination A certificate of authority issued to a society remains in effect on payment of the annual renewal fee prescribed by section 20-167 unless the society voluntarily terminates or the director suspends or revokes the certificate.
§ 20-887 – Examination of societies; limitation on disclosure
20-887. Examination of societies; limitation on disclosure A. The director or the director’s designee may examine any domestic, foreign or alien society that is authorized or applying for authorization to transact business in this state in the same manner as prescribed by section 20-156. B. The director shall not make public any financial statement, report […]
§ 20-888 – Admission of foreign or alien societies
20-888. Admission of foreign or alien societies A foreign or alien society shall not transact business in this state unless the director issues a certificate of authority to the foreign or alien society pursuant to sections 20-215 and 20-216. A foreign or alien society applying for a certificate of authority shall substantially comply with this […]
§ 20-889 – Injunction; delinquency or dissolution proceedings
20-889. Injunction; delinquency or dissolution proceedings A court in this state shall not hear an application or petition for injunction against a domestic, foreign or alien society or lodge, any delinquency or other proceeding for dissolution of a society or the appointment of a conservator or receiver unless the application or petition is filed in […]
§ 20-874 – Conversion of fraternal benefit society to mutual life insurance company
20-874. Conversion of fraternal benefit society to mutual life insurance company A domestic fraternal benefit society may convert to and be licensed as a mutual life insurance company by complying with the requirements of this title relating to mutual insurers. The board of directors shall prepare a plan of conversion in writing. The plan of […]
§ 20-890 – Licensing of insurance producers
20-890. Licensing of insurance producers A. An insurance producer of a society or its subsidiary or affiliated organizations shall be licensed pursuant to chapter 2, article 3 of this title. The director may waive the examination for licensure if the applicant was licensed after January 1, 1955 and has been an active soliciting representative of […]