Section 27-34-35 – Investments.
Section 27-34-35 Investments. A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in […]
Section 27-34-51 – Applications for Injunctions.
Section 27-34-51 Applications for injunctions. No application or petition for injunction against any domestic, foreign, or alien society, or branch thereof, shall be recognized in any court of this state unless made by the Attorney General upon request of the commissioner. (Acts 1971, No. 407, p. 707, §723.)
Section 27-34-36 – Annual Statements – Requirements.
Section 27-34-36 Annual statements – Requirements. (a) Report shall be filed and synopses of annual statements shall be published in accordance with the provisions of this section. (b) Every society transacting business in this state shall annually, on or before March 1, unless for cause shown such time has been extended by the commissioner, file […]
Section 27-34-52 – Review of Decisions and Findings of Commissioner.
Section 27-34-52 Review of decisions and findings of commissioner. All decisions and findings of the commissioner made under the provisions of this chapter shall be subject to review by the court in accordance with the provisions of Section 27-2-32. (Acts 1971, No. 407, p. 707, §724.)
Section 27-34-37 – Annual Statements – Valuation of Certificates; Reserves.
Section 27-34-37 Annual statements – Valuation of certificates; reserves. (a) As a part of the annual statement required under Section 27-34-36, each society shall, on or before March 1, file with the commissioner a valuation of its certificates in force on December 31 last preceding; provided, however, that the commissioner may, in his discretion for […]
Section 27-34-53 – False Statements.
Section 27-34-53 False statements. Any person who willfully makes a false statement of any material fact or thing in a sworn statement as to the death or disability of a certificate holder in any fraternal benefit society, for the purpose of procuring payment of a benefit named in the certificate of such holder, and any […]
Section 27-34-38 – Annual Statements – Failure to File.
Section 27-34-38 Annual statements – Failure to file. A society neglecting to file the annual statement in the form and within the time provided by this chapter shall forfeit $100.00 for each day during which such neglect continues; and, upon notice by the commissioner to that effect, its authority to do business in this state […]
Section 27-34-54 – Applicability of Other Provisions.
Section 27-34-54 Applicability of other provisions. In addition to the provisions heretofore contained or referred to in this chapter, other chapters and provisions of this title shall apply to fraternal benefit societies, to the extent applicable and not in conflict with the express provisions of this chapter, and the reasonable implications thereof, as follows: (1) […]
Section 27-34-39 – Examinations – Domestic Societies.
Section 27-34-39 Examinations – Domestic societies. (a) The commissioner, or any person he may appoint, shall have the power of visitation and examination into the affairs of any domestic society, and he shall make such examination at least once in every three years. He may employ assistants for the purpose of such examination, and he, […]
Section 27-34-40 – Examinations – Foreign and Alien Societies.
Section 27-34-40 Examinations – Foreign and alien societies. The commissioner, or any person whom he may appoint, may examine any foreign or alien society transacting, or applying for admission to transact, business in this state. He may employ assistants and he, or any person he may appoint, shall have free access to all books, papers, […]