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, […]
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.)