Section 27-34-41 – Examinations – Publication of Financial Statement, Report, or Finding.
Section 27-34-41 Examinations – Publication of financial statement, report, or finding. Pending, during or after an examination or investigation of a society, either domestic, foreign, or alien, the commissioner shall make public no financial statement, report, or finding nor shall he permit to become public any financial statement, report, or finding affecting the status, standing, […]
Section 27-34-42 – Exemption From Taxation.
Section 27-34-42 Exemption from taxation. Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal, and school tax other than taxes on real estate and office equipment. (Acts 1911, No. 476, […]
Section 27-34-43 – Applicability of Chapters 7 and 8a.
Section 27-34-43 Applicability of Chapters 7 and 8A. Persons representing a fraternal benefit society in the solicitation of applications for insurance or annuities and the fraternal benefit society with respect thereto shall be subject to the provisions of Chapters 7 and 8A of this title. (Acts 1971, No. 407, p. 707, §715; Act 2001-702, p. […]
Section 27-34-44 – Agents – Solicitation Without License.
Section 27-34-44 Agents – Solicitation without license. Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002. (Acts 1971, No. 407, p. 707, §716.)
Section 27-34-29 – Issuance of Certificate to Each Benefit Member; Matters Constituting Agreement.
Section 27-34-29 Issuance of certificate to each benefit member; matters constituting agreement. (a) Every society authorized to do business in this state shall issue to each benefit member a certificate specifying the amount of benefits provided thereby. The certificate, together with any riders or endorsements attached thereto, the charter or articles of incorporation, the constitution […]
Section 27-34-45 – Misrepresentations.
Section 27-34-45 Misrepresentations. No person shall cause or permit to be made, issued, or circulated in any form: (1) Any misrepresentation or false or misleading statement concerning the terms, benefits, or advantages of any fraternal insurance contract now issued, or to be issued, in this state or the financial condition of any society; (2) Any […]
Section 27-34-30 – Life Benefit Certificate – Filing With Commissioner; Standard Provisions.
Section 27-34-30 Life benefit certificate – Filing with commissioner; standard provisions. (a) After January 1, 1973, no life benefit certificate shall be delivered, or issued for delivery, in this state unless a copy of the form has been filed with the commissioner. (b) The certificate shall contain in substance the following standard provisions or, in […]
Section 27-34-46 – Discrimination, Inducements, and Rebates.
Section 27-34-46 Discrimination, inducements, and rebates. (a) No society doing business in this state shall make or permit any unfair discrimination between insured members of the same class and equal expectation of life in the premiums charged for certificates of insurance in the dividends or other benefits payable thereon or in any other of the […]
Section 27-34-31 – Life Benefit Certificate – Prohibited Provisions.
Section 27-34-31 Life benefit certificate – Prohibited provisions. After January 1, 1973, no life benefit certificate shall be delivered or issued for delivery in this state containing, in substance, any of the following provisions: (1) Any provision limiting the time with which any action may be commenced to less than two years after the cause […]
Section 27-34-47 – Service of Process.
Section 27-34-47 Service of process. (a) Every society authorized to do business in this state shall appoint, in writing, the commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served and shall agree, in such writing, that […]