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 Repealed by Act 2001-702, p. 1509, § 16, effective January 1, 2002.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.)
Section 27-34-13 – Certificate of Compliance.
Section 27-34-13 Certificate of compliance. The commissioner may make such examination and require such further information as he deems advisable. Upon presentation of satisfactory evidence that the society has complied with all the provisions of law, he shall issue to the society a certificate to that effect and that the society is authorized to transact […]
Section 27-34-14 – Constitution and Laws; Powers.
Section 27-34-14 Constitution and laws; powers. (a) Every society shall have the power to adopt a constitution and laws for the government of the society, the admission of its members, the management of its affairs and the fixing and readjusting of the rates of its members from time to time. It shall have the power […]
Section 27-34-15 – Existing Incorporated Societies.
Section 27-34-15 Existing incorporated societies. Any incorporated society authorized to transact business in this state on January 1, 1973, may thereafter exercise all the rights, powers, and privileges prescribed in this chapter and in its charter or articles of incorporation as far as consistent with this chapter. A domestic society shall not be required to […]
Section 27-34-16 – Incorporation of Existing Unincorporated Domestic Voluntary Associations.
Section 27-34-16 Incorporation of existing unincorporated domestic voluntary associations. (a) After January 1, 1973, no unincorporated or voluntary association shall be permitted to transact business in this state as a fraternal benefit society. (b) Any domestic voluntary association now authorized to transact business in this state may incorporate and shall receive from the commissioner a […]